October 18, 2016 - 9:46 AM
SAN FRANCISCO - The Latest on a hearing on a $10 billion settlement over Volkswagen's emissions cheating scandal (all times local):
10 a.m.
Several angry Volkswagen owners told a federal judge in San Francisco that a proposed $10 billion settlement does not adequately compensate them for the automaker's emissions fraud.
The owners objected to the settlement at a hearing Tuesday before U.S. District Court Judge Charles Breyer. The judge will determine whether the deal is fair to consumers and should receive final approval, though he may not rule at the hearing.
The settlement calls for Volkswagen to spend up to $10 billion to buy back or repair about 475,000 Volkswagens and Audi vehicles with 2-litre diesel engines and pay their owners an additional $5,100 to $10,000 each.
Some owners who spoke at the hearing demanded the full purchase price of their cars.
Attorneys who helped negotiate the deal said it was fair and had received support from the vast majority of eligible car owners.
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12:15 a.m.
A federal judge in San Francisco is set to hear from Volkswagen owners opposed to a $10 billion settlement over the automaker's emissions cheating scandal.
U.S. District Judge Charles Breyer has scheduled a hearing Tuesday to determine whether the deal is fair to consumers and should receive final approval. More than two dozen people have signed up to address the judge, who may not issue a decision at the hearing.
Breyer gave the deal preliminary approval in July. It calls for Volkswagen to spend up to $10 billion to buy back or repair about 475,000 Volkswagens and Audi vehicles with 2-litre diesel engines and pay their owners an additional $5,100 to $10,000 each.
News from © The Associated Press, 2016