Volkswagen Gets Initial Approval of $14.7 Billion Settlement With US Drivers – Wall Street Journal

Posted: Wednesday, July 27, 2016

A federal judge granted preliminary approval to Volkswagen AG’s $14.7 billion settlement with U.S. drivers of diesel-powered vehicles on Tuesday, clearing the way for the company to put the plan into action and put the emissions scandal behind it.

The German auto maker plans to hire between 250 and 300 people to oversee settlement claims and processing; those workers would be overseen by 40 employees from Volkswagen Group of America,…

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