VW reaches $1 bn compensation deal in diesel case: officialsDecember 21, 2016 - 11:31 AMT PanARMENIAN.Net - Volkswagen has reached a $1 billion agreement with U.S.authorities on a compensation deal for the last 80,000 vehicles affected by its emissions-cheating scandal in the United States, officials said Tuesday, December 20, according to AFP. However, a Justice Department official said a criminal investigation is ongoing, and charges may still be filed against the company -- which could bring new penalties. Nor does the agreement settle the civil lawsuit brought by car owners, which U.S. Judge Charles Breyer said is close to resolution and would involve "substantial compensation." Another hearing Thursday could provide further details of that case. The agreement announced Tuesday, which still needs a judicial green light, would apply to 2009-2016 3.0-liter diesel models including Porsche and Audi vehicles equipped with software designed to defeat emissions tests. The $1 billion amount will cover buyback, repair and cancelled leases for the affected models, as well as $225 million for a fund to mitigate pollution, Cynthia Giles, a senior official with the Environmental Protection Agency (EPA), told reporters. At the end of October, a U.S. court endorsed a record-setting $15 billion compensation deal covering almost half a million 2.0-liter VW diesel cars. The new agreement "is another important step forward in our efforts to make things right for our customers," a Volkswagen spokeswoman said in a statement. "We are committed to earning back the trust of all our stakeholders." Volkswagen has admitted to installing defeat device technology on 11 million cars, including 600,000 in the United States. The software detects when the car is being tested and turns on required emissions controls, but turns them off during normal driving conditions. This means the cars would emit up to nine times or more above the required limits of pollutants. Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads. Partner news | Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. Ucom equips four bus stops in Ijevan with free Wi-Fi Ucom now provides free Wi-Fi coverage in smart bus stops in four communities of Ijevan. Armenia, Russia discuss life extension of Metsamor nuclear plant Issues regarding the extension of life of the 2nd power unit of the Armenian Nuclear Power Plant were discussed in Yerevan. Armenians stage more campaigns against territorial concessions to Azerbaijan Protesters blocked more roads across Armenia on Friday, April 26 in continuing attempts to scuttle territorial concessions to Azerbaijan. |