The biggest auto-scandal settlement in US history was just approved. VW buybacks start soon – Los Angeles Times

A federal judge has approved a $14.7-billion settlement in the Volkswagen emissions-cheating case, the largest auto-scandal settlement in U.S. history.

The deal, approved Tuesday, gives about 475,000 owners of Volkswagens and Audis with 2-liter diesel engines the opportunity to have their cars bought back or modified by Volkswagen and to seek additional cash compensation. It also provides billions of dollars to support environmental programs, reduce emissions and promote zero-emissions vehicles.

U.S. District Judge Charles Breyer in San Francisco, who has overseen the litigation against the German automaker, approved the settlement that was proposed in July. He called the deal “fair, reasonable and adequate.”

The VW scandal erupted a year ago when Volkswagen admitted that it had installed “cheat devices” on diesel-powered cars from 2009 through 2015. The devices enabled the vehicles’ engines to emit less pollutants during emissions tests than during normal road use.

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