Volkswagen set to pay out $US10b for US emissions scandal

Volkswagen AG will pay nearly $US10.3 billion ($13.4 billion) to settle claims by US regulators stemming from its diesel emissions cheating scandal, a source briefed on the agreement said on Thursday.

The settlement includes offers to buyback nearly 500,000 polluting US vehicles and to set aside billions of dollars for green energy projects and a program to offset excess diesel pollution, the source said.

Reuters