Volkswagen may buy back some diesel vehicles that the company can not quickly fix in the wake of its vast emissions cheating scandal last year.
A lawyer for the company told a federal court in San Francisco last week that the Volkswagen would likely be able to fix the cars in the future but the timeframe might hamper that solution, according to a New York Times report. The news comes just months after the U.S. Environmental Protection Agency accused the car manufacturer of violations of emissions regulations. More than 10 million vehicles worldwide were installed with a so-called “defeat device” that showed vehicles emitting less than in actuality.
The Brief Newsletter
The idea that Volkswagen might buy back some vehicles has been previously reported but the reference to such a scheme in federal court was thought to increase the likelihood of the plan.
[NY Times]
SPONSORED FINANCIAL CONTENT
