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The Car and Truck Fleet and Leasing Management Magazine

Volkswagen Agrees to Diesel Settlement

April 21, 2016

Photo courtesy of Volkswagen.
Photo courtesy of Volkswagen.

Volkswagen has agreed to give buyers of nearly 600,000 vehicles with emissions cheating software the option of selling the cars back or getting them fixed, a judge announced April 21.

Senior U.S. District Judge Charles Breyer provided few details about the settlement between the automaker and the federal government. The agreeement will include a fund for corrective efforts and Volkswagen will committ money to promote green vehicle technology, reports the Los Angeles Times.

Volkswagen would spend just over $1 billion to compensate the owners.

Volkswagen released a brief statement about the agreement.

"Volkswagen is committed to earning back the trust of its customers, dealers, regulators and the American public." according to the statement. "These agreements in principle are an important step on the road to making things right. As noted today in court, customers in the United States do not need to take any action at this time."

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