German auto-giant Volkswagen has reportedly reached a deal with the U.S. government to buy back or fix nearly 80,000 of its cars equipped with software meant to intentionally deceive regulators and cheat federal emission standards.
The deal would be between the auto giant, the Environmental Protection Agency and California state emission regulators, which have been working through the courts to define the best course of action to respond to the emissions cheating on most of Volkswagen’s line of diesel cars, Bloomberg reported.
The automaker would fix roughly 60,000 of its Audi, VW-brand and luxury Porsche model cars, according to the report. It would also buy back from consumers about 19,000 of its older model cars that had the “defeat” software installed.
The agreement would be in addition to other settlements the automaker has reached through court settlements with the EPA and California air regulators. For example, in October a federal judge signed off on a $14.7 billion settlement, which included $10 billion to fix or buy back illegal vehicles with 2-liter engines.
The new agreement being reported by Bloomberg would cover the much larger 3-liter engine cars.
