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VW to pay US$1.26b to fix, buy back diesel cars

Supplier Robert Bosch agrees to pay US$327.5m to compensate owners of polluting US vehicles

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The German carmaker could be forced to pay up to US$4.04 billion if US regulators do not approve the fixes for all the diesel-engined vehicles, court documents show.

Washington

VOLKSWAGEN AG has agreed to pay at least US$1.26 billion to fix or buy back nearly 80,000 polluting 3.0 litre diesel-engined vehicles - and could be forced to pay up to US$4.04 billion if US regulators don't approve fixes for all vehicles, court documents filed on Tuesday

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