VW to Pay Roughly $10.2 Billion to Settle Emissions Claims

A source briefed the Associated Press, saying the money would go mainly to compensate 482,000 owners.

According to an Associated Press report, Volkswagen has agreed to pay about $10.2 billion in order to settle claims in the United States from its emissions-cheating scandal. USA Today also reported that the German automaker expected to pay $10 billion in fines and compensation for owners.

The money would go to owners of cars with 2-liter diesel engines that were programmed to cheat on emissions test. There are roughly 482,000 owners total.

Although the source wasn’t identified, the person said some of the money would also go to the government in penalties. Owners of these cars could receive anywhere from $1,000 to $7,000, depending on the age of the car.

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    June 2022

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