The diesel saga that has plagued Volkswagen for the better part of a year is expected to reach a turning point next week with a new settlement and a large bill to the German automaker. However, there appears to be good news for nearly half a million American diesel owners.
VW is set to pay $10.2 billion to settle claims from the emissions scandal, with much of that figure going to the roughly 482,000 owners of TDI-equipped vehicles,The Associated Press reported Thursday citing one of its close sources.
While some of that figure is expected to go to the federal government, most of it will go to consumers. Owners of the affected 2.0-liter TDI models from VW and Audi, sold between 2008 and 2015, would receive between $1,000 and $7,000 depending on the age of the car, the AP‘s source claimed.
A federal court will release the terms of the settlement Tuesday, but for now, this is the biggest indication of resolution to the scandal that began last September with the revelation of a defeat device put in VW’s TDI vehicles to skirt emissions regulations. Since the news emerged in the U.S., more than 11 million vehicles globally have been put under investigation.
Still unknown, however, is what the fix for the existing TDI models is (or whether there is one), and what the timetable will be for new TDI-equipped VWs to be allowed to be sold again in the U.S.
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