(MENAFN) Volkswagen diesel owners will be able to choose to either sell their car back to the firm or get a repair that could diminish the vehicle's performance.
This comes under a settlement of claims tied to the German automaker's emissions-cheating scandal, which will cost it a whopping total of US14.7 billion.
However, the payment does not resolve all the legal issues stemming from its admission that a half million vehicles with 2-liter diesel engines were tampered.
The figure represents the largest auto scandal settlement in US history, and it sets aside USD10bn to repair or buy back roughly 475,000 polluting VW vehicles.
Moreover, owners who choose to have VW buy back their cars would get the clean trade-in value from before the scandal became public on Sept. 18, 2015.
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