Volkswagen’s U.S. emissions settlement nearly $10.3 billion: source

24 Jun 2016   Air Quality, Germany

Volkswagen AG’s ( VOWG_p.DE ) diesel emissions settlement with U.S. regulators is valued at nearly $10.3 billion, a source briefed on the agreement said on Thursday. The settlement includes offers to buyback nearly 500,000 polluting U.S. vehicles and set aside billions for green energy projects and a program to offset excess diesel pollution. The source, who spoke on condition of anonymity citing court-imposed gag rules, told Reuters the average compensation to owners was around $5,000. The settlement is currently valued at nearly $10.287 billion, the source added, saying final numbers could change before a Tuesday court deadline. (Reporting by David Shepardson; Editiing by Tom Brown)

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