U.S. District Judge Charles Breyer in San Francisco gave his blessing Thursday to the deal, which involves around 82,500 vehicles with 3-liter engines, including newer Volkswagen, Audi and Porsche cars and sport-utility vehicles.
"A year ago, I stood here and said Volkswagen was committed to making things right with the environment, consumers and regulators", Giuffra said at Thursday's hearing.
In the latest deal, owners of the diesel versions of the 2009 to 2012 Volkswagen Touareg and 2009 to 2012 Audi Q7 will qualify for a buyback at retail value because those vehicles can not be feasibly retrofitted into compliance.
The earlier settlement concluded in a $14.7-billion deal, finalized in October 2016, to lay to rest claims over some 500,000 two-liter diesel engine vehicles tainted by emissions-cheating software.
Volkswagen, the best-selling automaker worldwide in 2016, could be forced to pay up to $4.04 billion if regulators do not approve fixes for all 3.0 liter vehicles.
Tribune Media posts surprise quarterly loss
The 52 week high Tribune Media Company's shares have peaked at is 43.04 whilst the 52 week low for the company's shares is 27.75. Over the last 5 years, Tribune Media Company has averaged a -12.63% YoY EPS growth rate and a -8.90% revenue growth rate .
Engineer charged in deadly Amtrak crash
The family of a NY woman who was killed sought the criminal complaint after city prosecutors declined to press charges. Kline represents the family of the NY victim, Rachel Jacobs , a 39-year-old technology executive, wife and mother.
GSEB HSC Results 2017 - Class 12th Science Result Declared at www
Some people may not be able to get the results as soon as the results are available because of the server break down. Class 12th exam is always a turning point in terms of academics for every student who has appreared the HSC exam.
Breyer called Thursday's settlement "fair, reasonable and adequate", and the firm representing consumer plaintiffs opposing VW said it was "very pleased" with the decision. In addition to receiving compensation ranging from $7,755 to $13,880, owners of the Generation 1 vehicles will have the option of selling their vehicles back, trading them in, or keeping them and receiving a technical fix.
Auto owners will receive between $200 and $1,500 each from the Bosch settlement, depending on the make and model of their vehicle.
U.S. Federal Trade Commission attorney Jonathan Cohen said the FTC considered all those factors before granting its approval to the deal. "Her knowledge of US automotive and environmental regulation and her experience as an accomplished compliance and ethics professional make her a valued addition to our leadership team".
VW previously agreed to spend up to $10 billion compensating owners of roughly 475,000 Volkswagens and Audi vehicles with 2-liter diesel engines - the bulk of the vehicles caught up in Volkswagen's emissions cheating scandal. Six of its executives also face criminal charges for their roles in the scheme. For their part, VW owners will undoubtedly appreciate that Bosch is sorry enough about something to set aside a $327.5 million pool of settlement money. "We believe the substantial compensation and steps to fix or remove polluting cars from the roads detailed in the settlements provide excellent value to consumers and hold Volkswagen and Bosch accountable for their breach of consumer trust".
Lead class counsel Elizabeth Cabraser said the lawyers will submit a separate attorneys' fees request for the $1.2-billion settlement by June 30.