Volkswagen has reached an agreement with the Environmental Protection Agency that will allow it to sell off about 67,000 diesel vehicles that have been in limbo since the EPA accused the German maker of cheating on emissions tests in September 2015.
The EPA previously approved a fix for about 70,000 VW diesel vehicles already in consumer hands. But the carmaker will still have to repurchase roughly 500,000 vehicles using its 2.0- and 3.0-liter diesel engines that cannot be brought into compliance with Clear Air Act standards.
Separately, VW on Thursday said that it had reached an agreement with 10 states about environmental and consumer claims related to the diesel emissions scandal. The deal will cost the maker an estimated $157.45 million, but in a statement, VW said, it “avoids further prolonged and costly litigation,” and will let the carmaker “work to earn back the trust of its customers, regulators and the public.” (more…)