Over 40 pct. of VW owners seek emissions cheating settlement

FILE - This Feb. 14, 2013, file photo, shows the Volkswagen logo on the grill of a Volkswagen on display in Pittsburgh. About 210,000 owners of Volkswagens with 2-liter diesel engines that cheat on emissions tests have registered to settle with the company under the terms of a June 2016 court agreement. (AP Photo/Gene J. Puskar, File)

DETROIT — About 210,000 owners of Volkswagens with 2-liter diesel engines that cheat on emissions tests have registered to settle with the company under the terms of a June court agreement.

The figure was revealed in a federal court motion by class action attorneys seeking final approval of the settlement involving 475,000 owners. It says only 235 have asked to stay out of the settlement and pursue legal action on their own. Another 110 objections to the settlement were filed.

U.S. District Court Judge Charles Breyer has given the $15 billion settlement preliminary approval, with a final decision expected Oct. 18.

Terms call for the German carmaker to spend up to $10 billion buying back or repairing Volkswagen and Audi 2-liter vehicles and paying owners another $5,100 to $10,000 each.

The motion was filed late Friday by Elizabeth Cabraser, the lead attorney in the class-action settlement. It says the number of owners who signed up for settlements, about 44 percent, was "a noteworthy level of participation in a program whose claims deadline does not occur until September 2018."

Owners have until Sept. 16 of this year to opt out of the settlement.

The Federal Trade Commission, which sued Volkswagen along with the Environmental Protection Agency and the Justice Department, came out in support of the settlement on Friday. The agency, which had contended that VW deceived buyers through false advertising, says the settlement is fair because it gives owners the value of their cars before the scandal became public last Sept. 18. Owners also are compensated for other expenses, the agency says.

You may also interested in

Officials: Zika won't hurt South Florida tourism in long run

Aug 20, 2016

The discovery of Zika-carrying mosquitoes in South Florida certainly isn't ideal for tourism, but local officials and business leaders are confident the long-term impact on the tourism industry will be minor

Best Buy posts higher profit, better online and store sales

Aug 23, 2016

Best Buy's profit has jumped 21 percent for the second quarter

Ford recalls over 88K vehicles due to stalling problem

Aug 24, 2016

Ford is recalling more than 88,000 cars and SUVs because the engines can stall without warning due to a fuel pump problem

People also read these

Tesla lays claim to world's fastest production car

Aug 23, 2016

Tesla Motors says new version of the Model S electric car is now the quickest production car in the world from zero to 60 miles per hour

Several tornadoes likely hit Indiana, Ohio; no bad injuries

Aug 25, 2016

Authorities say a wave of severe storms likely produced several tornadoes in Indiana and Ohio, damaging homes and businesses but causing no serious injuries

Auto, technology industries clash over talking cars

Aug 26, 2016

Automakers say cars that wirelessly talk to each other are finally ready for the road

Emporium Post fulfils the need to know all things about consumers and how businesses can take this opportunity to reach their own customers.

Contact us: sales@emporiumpost.com

Join our mailing list now!