VW Judge Says He ‘Strongly’ Favors $14.7 Billion Settlement
- Final ruling on owners, regulators deal promised by Oct. 25
- VW also wins preliminary OK for $1.2 billion dealership accord
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Volkswagen AG and car owners will likely secure a federal judge’s final sign-off on their $14.7 billion settlement as the automaker continues to seek regulators’ approval of a fix for 482,000 pollution-spewing vehicles still on U.S. roads.
U.S. District Judge Charles Breyer in San Francisco said he is “strongly” inclined to approve the settlement requiring VW to buy back cars with 2.0-liter diesel engines equipped with so-called defeat devices to cheat pollution-control tests. Breyer, after listening Tuesday to critics of the deal including more than 20 car owners, said he will issue a ruling before Oct. 25.