VW's diesel-cheating settlement gets nod from US federal judge
This clears path for Germany's largest carmaker around the biggest obstacle to recovery from the scandal
San Francisco
VOLKSWAGEN AG's settlements to get 482,000 emissions-cheating diesel cars off US roads won a preliminary go-ahead from a federal judge, clearing a path for Germany's largest carmaker around the biggest obstacle to recovery from the scandal.
The plan for buybacks and a possible fix covers car owners, the US government and 44 states and will cost the company about US$15.3 billion if the agreements are fully adopted. That includes VW's US$603 million accord with the states that isn't part of the settlement before US District Court Judge Charles Breyer in San Francisco.
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