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Business & Finance

VW agrees to pay $200 million to offset US emissions

Published December 16, 2016 Updated December 16, 2016 08:21pm
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By Fawad Maqsood
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imageWASHINGTON: Volkswagen AG has agreed to pay just over $200 million to offset emissions from about 80,000 3.0 liter diesel US vehicles, a source told Reuters.

The agreement is expected to be announced as early as Friday, and is in addition to $2.7 billion that VW previously agreed to pay to offset emissions from about 475,000 2.0 liter diesel vehicles.

US District Judge Charles Breyer on Friday delayed a hearing until later in the day so negotiations can continue over reaching a final resolution on the 3.0 liter vehicles.

Copyright Reuters, 2016

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