The Latest: Deal for 80,000 cars to cost Volkswagen $1B
SAN FRANCISCO — The Latest on a deal for the last 80,000 diesel cars in Volkswagen’s emissions cheating scandal (all times local):
1:25 p.m.
U.S. regulators say Volkswagen will spend $1 billion to settle claims over the remaining 80,000 diesel cars caught in the company’s emissions cheating scandal.
Cynthia Giles of the U.S. Environmental Protection Agency disclosed the figure Tuesday in a conference call with reporters. It includes money for the company to buy back or fix the vehicles and $225 million for an environmental fund to offset their excess pollution.