Volkswagen Will Recall, Buy Back More Vehicles in Emissions Cheating Scandal

Volkswagen has reached an agreement in relation to a diesel emissions cheating scandal for about 80,000 3.0 liter diesel VW, Porsche and Audi vehicles, several major news outlets, including Reuters and CNBC, reported Tuesday.

Along with the agreement made by Volkswagen, the German company Robert Bosch, which produced software for the diesel vehicles, has agreed to settle civil allegations made by diesel vehicle owners in the United States. Reuters reports that the settlement was expected to be worth more than $300 million.

CNBC reports that the company has agreed to recall 83,000 diesel vehicles with model years between 2009 and 2016. The automaker has also agreed to buy back older vehicles, terminate leases or offer to fix to substantially reduce emissions. If the new vehicles can be made emissions compliant, VW will not be required to buy the cars back.

Volkswagen was found to have installed "defeat devices" on nearly 500,000 diesel vehicles that would reduce emissions only when cars were being tested, cheating environmental and consumer protection regulations.

The company previously reached a deal in June to address emissions cheating around 475,000 vehicles in which the company admitted to install secret software to cheat emissions tests. The 80,000 vehicles in question had an undeclared auxiliary emissions system that allowed the vehicles to emit up to nine times the allowable limit.

The deal was reached with the Justice Department, U.S. Environmental Protection Agency and California state officials. Volkswagen will also pay California's state air board $25 million and will contribute $225 million to fund to offset excess diesel emissions.

>>>more via Reuters

>>>more via CNBC

Photo by Gábor Kovács via Flickr Commons