Judge Oks VW Diesel Cheating Deal

A federal judge gave his blessing Thursday to a $1.2 billion deal by Volkswagen to compensate drivers of diesel cars equipped with devices to cheat air pollution monitors.

U.S. District Judge Charles Breyer in San Francisco approved the settlement for roughly 82,500 autos with 3-liter engines, including VW, Audi and Porsche cars.

So far the scandal over VW’s gaming of environmental checks on its autos will cost the company $24.5 billion in buybacks and repairs for drivers of as many as 560,000 autos.

Under terms of the agreement, there will be offers of buybacks for older model cars and modification of emissions for the others.

As part of the deal, state and federal agencies will get an added $225 million for environmental remediation.

In Germany, a federal judge ordered the company in April to pay a $2.8 billion criminal fine, however the criminal probe in Germany continues.

Case: In re: Volkswagen Clean Diesel Marketing Liability Litigation, No. 15-2672

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