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Stinky Buses Headed for the Junkyard With VW Diesel Settlement

  • A $2.7 billion trust will be used to retire older equipment
  • School buses, tractor trailers to be replaced by cleaner ones

Volkswagen AG’s diesel emission scandal may be one of the best things to happen to American air quality.

The German carmaker’s recent legal settlement with states, territories and tribes for cheating on pollution tests requires VW to pay $2.7 billion into an “environmental remediation fund" aimed at cleaning up the damage its cars have done. That could mean grants for new school buses, upgraded port facilities and cleaner tractor-trailers.