Volkswagen AG,
Volkswagen Group of America, Inc. and certain affiliates (together, Volkswagen)
has announced that Judge Charles R. Breyer of the United States District Court
for the Northern District of California has granted final approval to the
settlement agreement between Volkswagen and private plaintiffs.
The
plaintiffs are represented by a Court-appointed Plaintiffs' Steering Committee
(PSC) to resolve civil claims regarding eligible Volkswagen and Audi 2-litre
TDI vehicles in the United States.
Concurrently, Judge Breyer also approved a
Consent Decree between Volkswagen and the U.S. Department of Justice on behalf
of the Environmental Protection Agency (EPA) and the State of California by and
through the California Air Resources Board (CARB) and the California Attorney
General; and a Consent Order between Volkswagen and the U.S. Federal Trade
Commission. All three agreements were previously announced.
"Final approval of the 2-litre TDI
settlement is an important milestone in our journey to making things right in
the United States, and we appreciate the efforts of all parties involved in
this process. Volkswagen is committed to ensuring that the program is now
carried out as seamlessly as possible for our affected customers and has
devoted significant resources and personnel to making their experience a
positive one," said Hinrich J. Woebcken, president and chief executive
officer of Volkswagen Group of America, Inc.
Volkswagen says it
remains focused on resolving other outstanding issues in the United States and
continues to work towards an agreed resolution for customers with affected
3-litre TDI V6 diesel engines.
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