As the Volkswagen dieselgate scandal has progressed, one enduring question has been how much the corporate executives knew, who authorized the adoption of the cheating technology, and when and how it was developed.According to Reuters, it was this technology that VW relied on when it realized it couldn’t bring auto emissions under control through other means.
In that story, we noted that early rumors pointed to a $5,000 cash offer for VW owners, a payout that would total some $2.That rumor came to us courtesy of Reuters, who has also just reported that Volkswagen will actually offer to buy back nearly 500,000 US cars.
Under the terms of the agreement, VW will offer to buy back 480,000 vehicles 2.0-liter diesel vehicles whose engines emit far more pollution than is allowable under US law.
In San Francisco this morning, US District Judge Charles Breyer said Volkswagen Group would buy back nearly 500,000 2.At today's hearing, Breyer said VW Group would also be required to set up an environmental fund to invest in green technology.
Original story: On Wednesday, Reuters reported that two anonymous sources briefed on the matter agreed that Volkswagen Group would buy back nearly 500,000 2.In January, California's Air Resources Board (CARB) rejected VW Group's proposed fix for the 2.