Judge approves $15 billion VW settlement

Published October 25, 2016 4:07pm ET



Volkswagen will begin buying back vehicles caught up in its emission fraud scandal in mid-November after a federal judge approved the company’s $15 billion settlement with the federal government Tuesday.

U.S. District Court of San Francisco Judge Charles Breyer approved the $15 billion settlement Tuesday morning. The record settlement includes the German automaker buying back the 482,000 vehicles that had software installed allowing them to skirt emission tests.

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