Vws Audis: Hinrich Woebcken and Diesel Engines

vws audis: Deemed to be the largest auto industry settlement ever in the United States, the deal will compensate 475,000 owners of VWs and Audis with 2-liter four-cylinder diesel engines, who will now be able to either have their cars repaired or to sell them back to VW starting next Tuesday, according to Deutsche Welle. In a deal struck in July, VW agreed to spend up to $10 billion on the scheme, which also includes a payment of an additional $5,100 to $10,000 to each owner. In a statement, VW North America chief Hinrich Woebcken described the settlement as an "important milestone" along the road to clearing up the scandal in the US. The carmaker would now strive to implement the compensation program "as smoothly as possible," he added. Moreover, the German car giant has offered to pay $2.7 billion for unspecified environmental mitigation and an additional $2 billion to promote zero-emissions vehicles. In September 2015, Volkswagen acknowledged that about 11 million of its diesel cars sold worldwide were programmed to turn on emissions controls during government lab tests and turn them off while on the road. The deal does not cover about 85,000 more-powerful Volkswagens and Audis with 3-liter engines also caught up in the emissions scandal. (news.financializer.com). As reported in the news.