The Latest: VW reaches deal on last 80,000 polluting cars

MarketsAssociated Press

Volkswagen has reached a deal with U.S. regulators and attorneys for car owners for the remaining 80,000 diesel vehicles caught in the company's emissions cheating scandal.

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U.S. District Judge Charles Breyer in San Francisco announced the settlement for the 3-liter diesel cars Tuesday. He said it will include the option of a buyback for at least 20,000 vehicles and will give all the car owners substantial compensation on top of any repairs or a buyback.

Breyer didn't disclose any numbers and said the parties still have more work to do. It comes after a series of delays this week to give the sides more time to negotiate.

Volkswagen previously reached a deal for 475,000 2-liter diesel cars that also were programmed to cheat on emissions tests.