Reports are surfacing this afternoon that Volkswagen is in “intensive discussions” with plaintiffs regarding settlements associated with the company’s diesel V-6 engine. The news has caused U.S. District Judge Charles Breyer to delay today’s hearing until 5PM eastern.
There are preliminary reports that VW has agreed to pay $200 million to offset the bogus emission software found on VW vehicles equipped with a 3.0-liter diesel V-6. This amount would be in addition to the $2.7 billion the company has already agreed to pay out associated with 475,000 vehicles equipped with the company’s 2.0-liter four-cylinder diesel engine.
Final details associated with what the 3.0-liter settlement will look like are not yet known. VW has claimed it has a suitable fix for the V-6 engine, though no such fix has been approved by regulators.
Expect more details on the matter later this evening after the scheduled hearing in San Francisco.