German carmaker Volkswagen AG has reached an agreement in principle with US regulators and owners of cars affected by the “diesel” scandal. This was stated by the judge of the San Francisco Charles Breyer, a leading business in more than 600 lawsuits against the company.
Volkswagen has agreed with regulators compensation plan for 480 thousand. Cars in the USA, informs “Interfax».
Earlier, the Bloomberg sources indicated that Volkswagen will reserve not less than $ 10 billion on payments in civil lawsuits filed by the US authorities, as well as the American car owners.
It is unclear how much of the reserved $ 10 billion, the company will send the payment to owners of cars or elimination of violations. It is also unknown whether the automaker this amount will be enough to carry out payments on all civil claims filed by it in the United States.
Analysts Evercore ISI, the cumulative damage to Volkswagen in connection with reviews and litigation could reach 30 billion euros. About 6.7 billion euros of this amount, the company has already reserved in I quarter.
In September 2015 Volkswagen became the focus of the scandal ( “dizelgeyt”) after US authorities accused the company of falsifying results when testing diesel vehicles to the emission of harmful substances. Concern acknowledged that installed on their cars special program that greatly underestimated the results of testing. In connection with the scandal head of Volkswagen Martin Winterkorn announced the resignation, was replaced by the president of Porsche Matthias Mueller. At the present time with respect to the auto giant under investigation in the United States, several countries in Europe and Asia. In 2015, Volkswagen has reserved EUR 6.7 billion in connection with a diesel scandal, but experts doubt that this amount would be enough.
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