SAN FRANCISCO — A federal judge on Thursday morning said that Volkswagen A.G. has reached an agreement with federal and California state authorities that will compensate car buyers who were affected by the German automaker’s diesel-emissions scandal and attempt to address the environmental damage caused by the vehicles.

The settlement impacts approximately 480,000 two-liter-engine cars. VW owners will have the option of Volkswagen buying back their vehicles or having them repaired to address their excess emissions, subject to government approval pending further testing. People who leased the cars will be able to cancel the lease, U.S. District Judge Charles Breyer of the Northern District of California said.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]