Volkswagen has agreed a record 14.7 billion dollar (£11 billion) settlement in America over its diesel emissions scandal which will see owners paid up to 10,000 US dollars (£7,500) each in compensation.
The scandal-hit car giant will spend 10 billion US dollars (£7.5 billion) either buying back or repairing around 475,000 affected diesel vehicles, while it will compensate US owners with an extra 5,100 US dollars (£3,800) to 10,000 US dollars (£7,500) on top.
Terms of the settlement, revealed in court orders filed with the US District Court in San Francisco, showed that VW will also pay governments 2.7 billion US dollars (£2 billion) for environmental mitigation and spend another 2 billion US dollars (£1.5 billion) for research on zero-emissions vehicles in the US.
It is understood to be the largest consumer class-action settleme
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