VW to reportedly pay an average of $5,000 to US diesel owners image

Volkswagen is sad to pay an average of 5,000 dollars in compensation to the owners affected by the Dieselgate in the United States, a deal estimated to top 10 billion dollars.

The deadline over the diesel agreement between Volkswagen, US regulators and owners of the affected cars is soon to be concluded, as all sides have until June 28 to reach common ground. An insider familiar with the talks told Reuters that owners of the 482,000 over-polluting diesel cars would receive somewhere between 1,000 and 7,000 dollars, with an average of 5,000 dollars in compensation depending on the estimated value of the vehicles as of September 2015. As has been reported earlier this month, the automaker would submit a detailed plan that is worth around 10.3 billion dollars, a deal that includes VW’s commitment to focus on developing more environmentally friendly cars. However, another source revealed that figure does not contain part of the environmental costs, thus increasing the overall expenses.

Owners will also have an option to accept a buy back from Volkswagen or the company to repair their vehicles. However, the possibility of repairing the cars is under doubt, as the US Environmental Protection Agency and the California Air Resources Board have not yet approved VW’s proposed fixes. If it happens and owners agree to mend their TDIs, they would still receive the compensation. The settlement does not include however the about 80,000 larger 3.0-litre premium diesels.

Via Reuters