Wednesday, April 20, 2016

Dieselgate: Volkswagen will pay $ 5,000 per vehicle in the US – Le Figaro

The German manufacturer would have reached an agreement with American justice. It would compensate the owners of 600,000 vehicles in the United States.

Volkswagen and the US authorities would be reached within the period set by the court, to define the outline of an agreement to compensate the owners of 600,000 vehicles affected by the rigging of anti-pollution tests, did on Wednesday to two informed sources of developments.

According to the German daily Die Welt , Volkswagen will pay $ 5,000 for each US purchaser of its 600,000 vehicles to diesel engine rigged, as part of an agreement with the US authorities for preventing a trial.

the California judge Charles Breyer in San Francisco, had given until Thursday the German manufacturer, the US department of Justice and the environmental protection authorities to reach an agreement, failing to refer the case to court this summer.

“this is more of a sort of memorandum of understanding, which sets the guidelines for the coming months and will be reworked” told the conservative daily one of the participants in the negotiations.

the German lawyer Christopher Rother, representing unhappy customers, estimated that the US agreement would “serve as a reference for benefits” paid in Europe, where diesel-fixing scandal touches “millions of vehicles.”

Volkswagen may also have to agree to change the diesel vehicles affected if the US authorities approved the amendment process that will subsequently propose , the sources said.

It is however not certain that the EPA, the US federal authority for environmental protection, will judge these modifiable vehicles.

perspective to avoid a trial in the United States has been anticipated and welcomed on Wednesday by investors, as the Volkswagen ending the session with a gain of 6.61% at the Frankfurt Stock Exchange, clearly ahead of blue chips.

Volkswagen diesel 11 million cars in the world, to make them look cleaner than they are in reality, and struggles with the implications of this case. The group is expected to publish at the end of a massive net loss for fiscal 2015 and could deprive its dividend to shareholders for the first time since the early 80s.

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