ICT, Green, Government - VW Settles With Australia
German auto giant Volkswagen has reached an agreement with Australia to compensate about 100,000 owners of VW, Audi, or Skoda cars in the global emissions test scandal.
Owners of the cars that were programmed to lie during emissions testing will have access to an $87 Million fund, which could rise to $127 Million depending on the number of motorists seeking compensation. Volkswagen said the settlements were "a further step towards overcoming the diesel issue."
"This is an important step in providing a measure of justice and redress to the thousands of Australian motorists who claim they were financially impacted by the diesel emissions issue," said attorney Julian Schimmel of the law firm Maurice Blackburn, which is leading the class action.
Volkswagen is admitting no wrong doing as part of the settlement, which needs to be approved by a US Federal Judge.