German automaker Volkswagen (VW) and a group of lawyers representing Canadian three-liter diesel engine owners and lessees announced a proposed settlement on Friday worth 290.5 million Canadian dollars (€191 million, $233.1 million).
If approved by a court, the proposed nationwide settlement covers roughly 15,000 owners and lessees of model year 2013-2016 Volkswagen, Audi, and Porsche 3.0L diesel vehicles recalled for emissions fix.
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He also stated that the current agreement "took away a lot of [the country's] asset values". But we will start to negotiate, and we will see if we can make a deal that's fair.
After one of the biggest automotive scandals in the country, Volkswagen has agreed to a settlement.
Payments will also be made to owners and lessees of affected model year 2009-2012 vehicles, as well as additional options that include buyback, trade-in, early lease termination or, if approved by the U.S. EPA and available by recall in Canada, a modification to reduce emissions. "We thank our 3.0L customers for their continued patience as a settlement for their vehicles moves towards approval".
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"This is an important milestone towards making things right for all of our customers with affected diesel vehicles in Canada", said Weissland. More than 20,000 vehicles are covered under the deal.
In 2015, the U.S. Environment Protection Agency issued notices of violation against the carmarker, accusing Volkswagen of equipping about 482,000 2.0-litre diesel engine cars and 10,000 of its 3.0-litre diesel engine vehicles in its Volkswagen, Audi and Porsche models with software created to dupe emissions-testing equipment.
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