WASHINGTON (Reuters) - The U.S. Environmental Protection Agency said on Tuesday the cost of a settlement with Volkswagen AG
Cynthia Giles, EPA assistant administrator, estimated that the costs of buybacks, fixes and diesel offsets were about $1 billion, including $225 million going into a trust fund to offset excess diesel emissions. Volkswagen also agreed to pay California $25 million and has reached "substantial agreement" toward compensating owners of the polluting vehicles, a federal judge said on Tuesday.
(Reporting by David Shepardson; Editing by Will Dunham)
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
