Over 40 pct. of VW owners seek emissions cheating settlement
About 210,000 owners of Volkswagens with 2-liter diesel engines that cheat on emissions tests have registered to settle with the company under the terms of a June court agreement.
The figure was revealed in a federal court motion by class action attorneys seeking final approval of the settlement involving 475,000 owners. It says only 235 have asked to stay out of the settlement and pursue legal action on their own. Another 110 objections to the settlement were filed.
U.S. District Court Judge Charles Breyer has given the $15 billion settlement preliminary approval, with a final decision expected Oct. 18.
Terms call for the German carmaker to spend up to $10 billion buying back or repairing Volkswagen and Audi 2-liter vehicles and paying owners another $5,100 to $10,000 each.