VW reaches agreement in principle with US authorities

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In connection with the ongoing ‘dieselgate’ issue, Volkswagen AG has confirmed that it has reached an agreement in principle with the Department of Justice (Environmental Division), the Environment Protection Agency (EPA), and the California Air Resources Board (CARB), with the full involvement of the Federal Trade Commission (FTC), in the USA. This agreement in principle will be incorporated into binding consent decrees by the Department of Justice and the FTC in the coming weeks.

Furthermore, Volkswagen has reached an agreement on the basic features of a settlement with the class action plaintiffs in the lawsuit in San Francisco. This agreement will be incorporated into a comprehensive settlement in the coming weeks.

Charles R Breyer, the judge presiding over today’s court hearing in San Francisco, California ,USA, expressly welcomed this development.

The arrangements in the making in the USA will have no legal bearing on proceedings outside of the USA.

Ongoing investigations by the Department of Justice, Criminal Division, and the State Attorneys General are not prejudiced by these agreements in principle.

April 22, 2016

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Dean has been with UKi Media & Events for over a decade, having previously cut his journalistic teeth writing and editing for various automotive and engineering titles. He combines extensive knowledge of all things automotive with a passion for driving, and experience testing countless new vehicles, engines and technologies around the world. As well as his role as editor-in-chief across a range of UKi's media titles, he is also co-chair of the judging panel of the International Engine of the Year Awards.

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