VW To Buy Back Cars, Offers Possible Fix In Deal With US Justice Department Over Diesel Emissions Scandal

Volkswagen AG and the Justice Department reached a deal in principle to address excess diesel emissions in nearly 600,000 polluting vehicles that will include buyback offers and a possible fix, a federal judge in San Francisco said Thursday.

U.S. District Court Judge Charles Breyer said the settlement is expected to include a buyback offer for 482,000 2.0-liter vehicles and a possible fix if regulators agree on it, or the cancellation of an outstanding lease.