The upcoming Tuesday was the date set for Volkswagen to offer the final terms concerning its diesel-emissions cheating scandal that views around half a million Volkswagen and Audi units.
However, pills that will not happen as the U.S. District Judge Charles Breyer extended the settlement date by one more week for Volkswagen and the EPA to reach an agreement.
According to Reuters, link the new date was set by the judge to be the 28th of June. However, the judge did not delay the date for a final judicial hearing that is the 26th of July, which means the time set for public commentary was shortened from five to four weeks.
The reason for the delay came from the acting court-appointed mediator for consolidated cases, the former director of FBI, Robert S. Mueller. The judge explained that a delay was due because of “highly technical nature of the proposed settlements in these complex proceedings.” The settlement is expected to include an offer made by VW to buy back any of the 482,000 Volkswagen or Audi 2.0-liter TDI diesel models in case the owners choose to sell them.
What the settlement could also contain is a plan to change the cars whose owners do not want to sell back their cars and a fund established by VW rumored at around $5000 that is addressed for those owners who choose to not pursue further legal action, separate from the buyback offer. Another fund could be established to support “appropriate remediation efforts” from Volkswagen to counteract the effects produced by the excess nitrogen oxide released by these cars.
The Volkswagen diesel-emissions scandal started at the middle of September last year.