Judge approves Volkswagen $15B emissions settlement, buybacks to begin

Volkswagen ornaments sit in a box in a scrap yard in Berlin, Germany, Wednesday, Sept. 23, 2015. The revelation that Volkswagen rigged diesel-powered cars to emit lower emissions during EPA tests is particularly stunning since Volkswagen has long projected a quirky brand image with an emphasis on being environmentally friendly _ an image that now appears in tatters. (AP Photo/Michael Sohn)
Volkswagen ornaments sit in a box in a scrap yard in Berlin, Germany, Wednesday, Sept. 23, 2015. The revelation that Volkswagen rigged diesel-powered cars to emit lower emissions during EPA tests is particularly stunning since Volkswagen has long projected a quirky brand image with an emphasis on being environmentally friendly _ an image that now appears in tatters. (AP Photo/Michael Sohn)

SAN FRANCISCO (AP) – A federal judge in San Francisco has approved a $15 billion court settlement of most claims against Volkswagen for its emissions-cheating scandal.

U.S. District Judge Charles Breyer signed the order Tuesday approving the largest auto-scandal settlement in the nation’s history.

About 475,000 owners of VWs and Audis with 2-liter four-cylinder diesel engines now will be able to seek buybacks of their vehicles starting next Tuesday.

Most of the owners are expected to sell their cars back to VW after the company acknowledged cheating on emissions testing and putting dirty cars on the road. In addition to having their cars bought back, owners can each get payments of $5,100 to $10,000.

 

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