Saturday

21st Jan 2017

Ticker

US judge approves deal to buy back dirty VW diesel cars

US district judge Charles Breyer in San Francisco on Tuesday signed off a compromise with German carmaker Volkswagen to buy back 475,000 diesel vehicles which had installed secret software to cheat exhaust emissions tests and appear cleaner than they really were. VW agreed in June to spend up to $14.7bn on buybacks and owner compensation in the US and said it would begin buying back the cars in mid-November.

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