VW offers, apparently, ten billion

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Automotive industry

VW offers, apparently, ten billion

Volkswagen wants to pay in the USA, apparently, tens of billions of dollars in compensation to clean up the scandal to manipulated the exhaust gas values. Currently in negotiations with US authorities.

The number of ten billion dollars (8.8 billion euros), the news agencies Reuters, AFP and AP according. As a source familiar with the Dossier of the circles that want to remain anonymous.

The group is currently negotiating with the US authorities and other plaintiffs about a settlement. The finished Plan is to be submitted on next Tuesday (28.06.2016) a Federal judge in San Francisco. The judge had given the Parties a silent commitment.

The information provided by the anonymous informant, according to a majority of the money to the $ 482,000 in owners of VW diesel vehicles with Two-Liter engine to be paid, the exhaust gas has a values manipulated by a Software.

5000 dollars per customer

Each of them would receive between 1000 and 7000 dollars, the average compensation will be $ 5,000, it said. Volkswagen will also buy back cars. In addition, the company wants to pay into a Fund to combat air pollution.

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Currently, a total see of the settlement payment of nearly 10.3 billion dollars. The total could change, however, in front of the court-set deadline for a final agreement on Tuesday. By comparison, Volkswagen hopes, hundreds of civil lawsuits in the United States.

The company would not comment on the demand to possible settlement amounts. From the group’s circles, it was said that the details were more in the river. An agreement in Principle with the plaintiffs had made VW back in April.

Europe’s largest car group had agreed in April, after months of negotiations with the American authorities on the basis of the characteristics of a compensation plan. Volkswagen had admitted in September to pressure the U.S. environmental protection authorities to have the Diesel exhaust emissions in two-liter diesel engines with a special Software to manipulate. Worldwide, around eleven million vehicles are affected.

16 Billion Euros In Provisions

With the Software equipped cars only in the official exhaust tests, the guideline values. In normal road traffic to the pollutant emissions is up to 40-fold higher.

Volkswagen has made for the global management of the scandal in the balance sheet for 2015 a provision in the amount of more than 16 billion euros (18.4 billion dollars).

However, even if the U.S. court should agree to the hearing on Tuesday, the Plan, not all of the problems of the group in the USA adjusted. It fines by the authorities, and a criminal investigation could be. In Europe and other Parts of the world and are still pending.

bea/uhe (reuters, afp, dpa, ap)