U.S. judge 'strongly inclined' to approve VW buyback settlement

U.S. judge 'strongly inclined' to approve VW buyback settlement
 

A federal judge in San Francisco on Tuesday said he is "strongly inclined" to approve a record-setting $10.033 billion proposed buyback and compensation offer from Volkswagen AG (VOWG_p.DE) for 475,000 owners of polluting 2.0-liter diesel vehicles.
U.S. District Judge Charles Breyer said he will issue a final decision in the matter, stemming from Volkswagen's use of illegal software to defeat U.S. emissions testing, by Oct. 25.
Owners, lawyers and others appeared before Breyer during a hearing raising arguments about why they think Volkswagen is failing to offer enough money for... read more

 
18 October 2016 in Business, Views: 47
Source: Reuters
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