U.S. Judge Approves 3.0-litre Volkswagen Diesel Settlement

13 May, 2017, 10:39 | Author: Valerie Burke
  • Judge approves $1.2B Volkswagen settlement

If regulators do not approve the fixes, Volkswagen could end up paying up to $4.04 billion.

Under the VW settlement that must be approved by a USA judge, owners of 3.0 liter vehicles who opt for fixes will get compensation of between $7,000 and $16,000 from Volkswagen if emissions fixes are approved in a timely fashion. "We have to get these cars fixed or off the road and give consumers confidence they know how they're going to go forward with perhaps the biggest investment in their life or perhaps the most necessary - having a vehicle'".

Those who own newer cars will get compensation of $7,039 to $16,114.

The 3-liter settlement brings Volkswagen's tab for civil payments in the emissions scandal to around $17.4 billion, U.S. Justice Department attorney Joshua Van Eaton said in court Thursday.

At a court hearing in San Francisco, U.S. District Judge Charles Breyer also said he was granting final approval to German auto supplier Robert Bosch GmbH's separate settlement, under which it will pay $327.5 million to U.S. diesel VW owners for its role in developing the engines.

A federal judge in California on Thursday said he would approve a $1.2 billion settlement between Volkswagen (IOB: 0P6N.IL - news) and the USA authorities over the last 80,000 cars in the company's emissions-cheating scandal.

Ranked Murray loses to Coric in 3rd round of Madrid Open
Djokovic, the defending champion, advanced when Kei Nishikori withdrew before their quarterfinal because of a wrist injury. Coric broke the Scot twice in the first set and he showed no signs of nerve in what was one of his biggest career wins.

Harry Styles Dances Around the Question: Is 'Two Ghosts' About Taylor Swift?
"I mean, I think it's pretty self-explanatory", Styles said of the track before entreating manager Jeffrey Azoff. Grimshaw threw the show to the song, introducing it by saying, "So here we go, the one about Taylor Swift ".

Colbert Is Assembling a 'Daily Show' Reunion on 'The Laste Show'
He's been pretty quiet since leaving, but he's joined Colbert on The Late Show for a couple goofs now and then. John's lucky we didn't do that on pavement".

Volkswagen still faces a shareholder class action claiming it defrauded US investors by concealing its use of defeat devices in some 11 million vehicles worldwide. The $1.2 Billion additional settlement will take the total settlement from the Volkswagen group to a record setting $22 Billion.

The earlier settlement concluded in a $14.7-billion deal, finalized in October 2016, to lay to rest claims over some 500,000 two-liter diesel engine vehicles tainted by emissions-cheating software.

In a statement, the lead counsel for the consumer plaintiffs in the case said "These agreements accomplish our goal of making the consumers harmed by Volkswagen's emissions deception whole, while repairing or removing illegally polluting vehicles from our roads".

The U.S. government has indicted six present and former Volkswagen executives and charged the company with three criminal felony counts for what regulators called a 10-year conspiracy to rig hundreds of thousands of diesel cars to cheat U.S. emission standards.

Under the terms of the separate deal, 3-liter diesel owners are to be paid up to $1,500 in compensation, while 2-liter owners will receive $350.

VW has admitted to and apologized for rigging 11 million vehicles worldwide with software to dodge emissions tests.


  • Russia: 'Cautious Optimism' After Trump-Lavrov Meeting

    Russia: 'Cautious Optimism' After Trump-Lavrov Meeting

    Abbas, who visited the White House last week, arrived in Russian Federation on Wednesday to meet with Putin and other officials. Kremlin spokesman Dmitry Peskov said Russian Federation hoped that Trump's move would not affect ties with the United States.
    Bilic confirms new West Ham injury blow, star out for season

    Bilic confirms new West Ham injury blow, star out for season

    Ahead of West Ham's final home game of the season against Liverpool, Bilic is having to deal with a fresh crop of injuries. Worryingly for Liverpool , they have struggled against the league's lesser sides this season.
    14 million American jobs are on the line — Messing with NAFTA

    14 million American jobs are on the line — Messing with NAFTA

    Indeed, some of the president's fellow Republicans warned Trump that an abrupt withdrawal from NAFTA would be risky . Dias said the only way for the Canadian government to respond is "to go head to head" with the Trump administration.
  • Morgan Stanley upgraded Tribune Media Company (NYSE:TRCO) to 'Equal Weight'

    Morgan Stanley upgraded Tribune Media Company (NYSE:TRCO) to 'Equal Weight'

    Bank Of Nova Scotia increased Chevron Corp New (NYSE:CVX) stake by 140,527 shares to 626,614 valued at $73.75 million in 2016Q4. Wall Street analysts had on average forecast a profit of 7 cents per share for Tribune Media in the latest quarter.
    Astronauts adjust ISS spacewalk plans after cable leak

    Astronauts adjust ISS spacewalk plans after cable leak

    Expedition 51 Flight Engineer Jack Fischer of NASA floats inside the International Space Station while wearing his spacesuit. An equipment water leak has stalled a spacewalk by two USA astronauts at the International Space Station on Friday.
    Why Kellyanne Conway Thinks Anderson Cooper Is Sexist

    Why Kellyanne Conway Thinks Anderson Cooper Is Sexist

    Honestly, anyone who can interview Conway for 10 minutes before rolling their eyes is a hero in my book. Conway insisted it did make sense, and that Trump's lost confidence in Comey wasn't "all of a sudden".
  • Cosmos DB launches Microsoft Azure databases at Oracle

    Cosmos DB launches Microsoft Azure databases at Oracle

    Microsoft hinted that there will be more discussion of devices and consumer-facing announcements during tomorrow's keynote. For a more detailed information about pricing and availability, check out the Azure official website.
    Dozens hurt, 1 dead in violent day of protests in Venezuela

    Dozens hurt, 1 dead in violent day of protests in Venezuela

    Protesters have been met by oppressive police tactics, including one incident of a tank rolling over a protester. Almost 100 people have been injured in latest clashes with riot police in Venezuela's capital's Caracas alone.

    Serial killing suspect arrested in 9 deaths, police say

    Police say they do not know what motivated Saucedo and that he did not have any connection to eight of the people who were killed. Aaron Juan Saucedo , 23, killed nine people in 12 different incidents, Police Chief Jeri Williams said at a news conference.
  • Eurovision: Pop, politics and a dancing ape

    Eurovision: Pop, politics and a dancing ape

    Firebrace told Fairfax Media he was focusing his energy on delivering a next-level performance of Don't Come Easy this weekend. The final outcome was decided through a combination of scores received from national expert juries and televoting.

    Live demo of EVM 'tampering' by AAP; BJP says 'drama'

    However, former law minister Veerappa Moily and Punjab chief minister Captain Amarinder Singh had stood up in defence of EVMs. He did not name the BJP but provided enough hints to insinuate that it was the beneficiary.

    Border City, County Sue Texas Over 'Sanctuary' Law

    Abbott's quote still seems most appropriate: "only criminals should worry about the new law". Those who support the ban say it is necessary to keep criminal immigrants off Texas streets.


Florida State Ousts Hogs In Opening Round Match
O'Sullivan pulled the Midshipmen to within one as the sophomore converted a free-position opportunity to close the gap to 5-4. The victory also snapped a three-match losing streak for the Bears and closed out Lamar's season at 17-8.

Pak: Indian woman asks Islamabad High Court for security on way home
The Pakistan Foreign Office (FO) had earlier said that Uzma, will be repatriated only after all legal requirements are completed. He rejected allegations of physical and sexual violence and said Uzma should be medically examined to prove her allegations.

Maryland PSC awards renewable energy credits to offshore wind developers
Each company must notify the Commission by May 25, 2017 whether it accepts the conditions of approval contained in the order. The Chesapeake Climate Action Network estimates that the reduction is equal to taking 3,600 cars off the road each year.

Judge orders Bartlett engineer blamed for fatal train crash to face charges
The news came after local prosecutors shockingly cleared Brandon Bostian, 33, of criminal wrongdoing earlier in the week. Other lawyers have called last year's NTSB report on the crash a "whitewash" and a "quantum leap".

USA decision to arm Syrian Kurds threatens Turkey: foreign minister
He spoke during a joint news conference with the visiting president of Sierra Leone. "The decision was a mistake and the United States should reverse it".

Heavy police presence as 2nd Confederate monument removed in New Orleans
The monument, an estimated 18 feet tall, had a bronze likeness of Davis standing astride a tall stone pedestal. The New Orleans City Council endorsed the plan in December of 2015, as member station WWNO has reported .

Dick Advocaat Appointed Netherlands Boss for 3rd Time
The team also failed to qualify for the European Champions in France - a far cry from their third place at the 2014 World Cup. His second term started in 2002 and he coached the Netherlands to the semifinals of Euro 2004 in Portugal.

Sanders defends Trump's praise of Australian healthcare system
The AHCA barely passed through the House, 217 to 213, on Thursday. Mr Trump said to laughs from the audience during the gala dinner. On Friday, Trump stuck to his guns - with a clarification.

Robert De Niro Honored With Chaplin Award
When assured that wasn't the case, the 73-year-old star politely said , "OK, I'll take that". I don't make movies for rich, liberal elites.

Nigeria leader leaves for medical checkups amid health fears
President Buhari is on his way to London tonight for another medical check up and the duration will be determined by doctors. Abdulaziz Yari of Zamfara, commended the efforts of the President and Vice President for the release of the Chibok girls .