Volkswagen Group of America will lower the fuel economy ratings of 98,000 vehicles, give up greenhouse gas emissions credits, and reimburse customers under a court settlement with the federal government, the company announced.

The $96.5 million settement came after the U.S. Environmental Protection Agency said software in the vehicles overstated their real-world performance.

The gasoline-powered vehicles were sold in the 2013 to 2017 model years to U.S. buyers. Volkswagen is restating the fuel economy to "reflect a discrepancy of one mile per gallon," according to the company.

"Volkswagen is committed to providing customers with transparent fuel economy data for our vehicles, in line with U.S. labeling requirements," said Pietro Zollino, Volkswagen's executive vice president of communications.

Eligible customers will receive payments ranging from $5.40 to $24.30 for each month the vehicle has been owned or leased. Potential claimants will submit a claim to receive compensation.