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VW+US+emissions+settlement+reported+to+cost+%2415bn
Tuesday, 28 June 2016 - 11:01
VW US emissions settlement reported to cost $15bn
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German carmaker Volkswagen has reportedly reached a $15bn settlement with US car owners after admitting it cheated emission tests.
 
The deal would offer to repair or buy back the affected diesel vehicles and pay owners compensation, according to sources close to the talks.
 
The US settlement is still pending approval by a judge, but it would be the largest car scandal settlement in the country's history. 
 
The details are expected to be announced later today.
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