Volkswagen obtains final approval of 3.0L TDI V6 settlement in the United States

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The FINANCIAL — Volkswagen AG and Volkswagen Group of America, Inc. (together, Volkswagen) announced on May 17 that Judge Charles R. Breyer of the United States District Court for the Northern District of California has granted final approval to the settlement agreement between Volkswagen and private plaintiffs represented by a Court-appointed Plaintiffs’ Steering Committee (PSC) to resolve outstanding civil claims regarding approximately 78,000 affected 3.0L TDI V6 diesel engine vehicles in the United States.

Concurrently, Judge Breyer also approved a Consent Decree between Volkswagen and the U.S. Department of Justice on behalf of the Environmental Protection Agency (EPA) and the State of California by and through the California Air Resources Board (CARB) and the California Attorney General; and a Consent Order between Volkswagen and the U.S. Federal Trade Commission. All three agreements were previously announced, according to Volkswagen.

With final approval of the 3.0L TDI V6 settlement, Volkswagen is able to offer a resolution to all of its customers with eligible vehicles in the United States.

“Today concludes a comprehensive series of agreements that we have reached in the United States to honor our pledge to make things right for our customers, dealers and the American public,” said Hinrich J. Woebcken, President and CEO of Volkswagen Group of America, Inc. “Volkswagen’s commitment to the United States is stronger than ever, and we will continue to invest in this market as we work to become a global leader in sustainable mobility.”

 

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