Judge approves Volkswagen emissions settlement

IndustriesAssociated Press

A federal judge in San Francisco has approved a $15 billion court settlement of most claims against Volkswagen for its emissions-cheating scandal.

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U.S. District Judge Charles Breyer signed the order Tuesday approving the largest auto-scandal settlement in the nation's history.

About 475,000 owners of VWs and Audis with 2-liter four-cylinder diesel engines now will be able to seek buybacks of their vehicles starting next Tuesday.

Most of the owners are expected to sell their cars back to VW after the company acknowledged cheating on emissions testing and putting dirty cars on the road. In addition to having their cars bought back, owners can each get payments of $5,100 to $10,000.