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

Valeant, attempting to normalize operations, names new CFO

Aug 22, 2016

Valeant Pharmaceuticals is replacing Robert Rosiello as chief financial officer as the embattled pharmaceutical company attempts to normalize operations amid a host of ongoing investigations and class action suits

Delphi, Mobileye join forces on autonomous car platform

Aug 23, 2016

Auto parts and electronics company Delphi Automotive is joining with Israeli software maker Mobileye to develoDelphi and Mobileye plan to build a complete autonomous driving platformp the building blocks for a fully autonomous car in about two years

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

People also read these

Zika researchers seeking volunteers willing to be infected

Aug 19, 2016

Researchers looking for volunteers willing to be infected with the Zika virus as part of effort to develop vaccines

US stocks take small losses as energy companies slide

Aug 19, 2016

US stocks take small losses as the dollar regains a bit of strength and energy companies trade lower

Some vacation spots quietly benefit as travelers avoid Zika

Aug 23, 2016

Zika fears are leading some to book away from the Caribbean and Florida

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!