DETROIT – Volkswagen, the U.S. government and private lawyers have reached a deal for the automaker to spend just over $1 billion to compensate owners of about 600,000 diesel-powered cars that cheat on emissions tests, according to a person briefed on the matter.
The “deal in principle” includes a maximum amount of spending, but the final details, like how much each owner would get, are still being worked out, according to the person, who asked not to be identified because the deal hasn’t been made public.
Some owners would get a choice of having VW repair their cars or buy them back, but that would vary by model year and engine type, the person said. The deal does not yet include plans on how to repair the cars, the person said.
MANTA, Ecuador – A fresh tremor rattled Ecuador before dawn Wednesday, a magnitude-6.1 jolt that set babies crying and shaken residents pouring once again into the streets, fearful of yet more damage following a monster earthquake this weekend.
It was the strongest aftershock yet following Saturday’s magnitude-7.8 quake that killed more than 500 people. Some people in Portoviejo abandoned their homes, even those with no apparent damage, and headed through the night toward a former airport where temporary shelters have been set up.
Meanwhile, people began burying loved ones and hope faded that more survivors will be found.
Associated Press
