'Dieselgate': Volkswagen to pay $242 mn to around 91,000 British drivers

Volkswagen will pay 193 million pounds ($242 million) as part of an out-of-court settlement to around 91,000 British drivers over a diesel emissions scandal that engulfed Europe's largest carmaker in 2015.

Volkswagen (VW) on Wednesday again apologised to customers in England and Wales as it pledged to rebuild trust.

"The settlement is another important milestone as the Volkswagen Group continues to move beyond the deeply regrettable events leading up to September 2015," Philip Haarmann, the chief legal officer at VW, said in a statement.

But the company, which is also contributing towards claimants' legal costs and other fees, made no admissions in respect