Volkswagen will fix or buy back about 500,000 2-liter diesel cars in the United States that are equipped with faulty emission control software, under a preliminary agreement with the Environmental Protection Agency and the California Air Resources Board announced Thursday. Those who leased the cars will be able to cancel the lease and return the car to Volkswagen.
However, not many details are yet available on how the cars will be fixed or what any buy-back arrangement would be.
“Seven months after news of Volkswagen’s emission scandal broke, we're glad to hear that there is a 'framework' for a settlement in the cases related to VW's 567,000 fraudulently marketed, illegally polluting cars,” said Mike Litt, consumer program advocate at U.S. PIRG Education Fund. “This framework appears to include all of the elements that a deal should include, but the devil will be in the details.”