Automaker would spend just over $1bn in a ‘deal in principle’ reached with the US government and private lawyers Volkswagen,the US government and private lawyers possess reached a deal for the automaker to buy back some of the nearly 600000 diesel cars that cheat on emissions tests and spend just over $1bn to compensate owners, according to a person briefed on the matter.
The “deal in principle” includes a maximum amount of spending, or but the final details,like how much each owner would get, are still being worked out, and according to the person,who asked not to be identified because the deal has not been made public.
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Source: theguardian.com