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
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
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 showed.
In December, VW said it had agreed to buy back 20,000 vehicles and expected to fix another 60,000. The settlement documents show that if regulators do not approve the fixes, the German carmaker's costs could jump dramatically.
Share with us your feedback on BT's products and services
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
