Arab Today, arab today vw to offer us owners 5000 over emissions scandal
Last Updated : GMT 09:18:07
Arab Today, arab today
Arab Today, arab today

VW to offer US owners $5000 over emissions scandal

Arab Today, arab today

Arab Today, arab today VW to offer US owners $5000 over emissions scandal

German carmaker Volkswagen
Berlin - AFP

Embattled German carmaker Volkswagen will offer $5,000 to each US buyer of its diesel cars which were installed with emissions-cheating software in a bid to avoid a major court case, Die Welt newspaper reported in its Thursday edition.

The US cases have been consolidated in a federal court in San Francisco under Judge Charles Breyer who had given Volkswagen until April 21 to come up with a plan to deal with some 600,000 cars which had their engines rigged to make them appear less polluting.

According to German daily Die Welt, the deal, agreed with the US authorities, doesn't resolve all the issues but would leave Volkswagen picking up the cost of recalling and modifying the offending vehicles as well as paying out $5,000 (4,400 euros) to each of the affected owners.

If the deal is not accepted by the plaintiffs then the case could go to trial.

The US deal is just "a kind of memorandum of understanding," which will have to be worked on in the coming months, the newspaper quoted one of the participants in the negotiations as saying.

Volkswagen has been engulfed in a global scandal since it was revealed last year that the German automaker had installed software into 11 million diesel engines worldwide that intentionally skewed emissions values during testing.

German litigation lawyer Christopher Rother told Die Welt that the US deal is likely to serve as a reference point for damages for European VW clients.

Investors on Wednesday welcomed the attempt by Volkswagen to avoid a mass court action, and VW shares rose 6.61 percent on the Frankfurt market.

The total costs of the controversy are still incalculable but are expected to run into many billions as a result of fines and lawsuits.

VW, which is expected to post a loss running into many billions of euros for 2015, could also announce a waiver in the dividend payout to shareholders for the first time since the early 1980s.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today vw to offer us owners 5000 over emissions scandal Arab Today, arab today vw to offer us owners 5000 over emissions scandal

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today vw to offer us owners 5000 over emissions scandal Arab Today, arab today vw to offer us owners 5000 over emissions scandal

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Italy regions back 'big bang' autonomy

GMT 07:10 2017 Monday ,23 October

Italy regions back 'big bang' autonomy
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Syrian children die of hunger

GMT 19:25 2017 Sunday ,22 October

Syrian children die of hunger
Arab Today, arab today Maltese demand justice for murdered

GMT 06:08 2017 Monday ,23 October

Maltese demand justice for murdered
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Tesla to build wholly-owned plant

GMT 07:55 2017 Monday ,23 October

Tesla to build wholly-owned plant
Arab Today, arab today EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Rogina happy for reactions to “The Flood”

GMT 09:30 2017 Friday ,20 October

Rogina happy for reactions to “The Flood”
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 06:07 2017 Sunday ,22 October

15,000 Under Fives Die

GMT 12:54 2017 Saturday ,21 October

Malaysia Airlines picks new CEO

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday