Volkswagen (VOWG_p.DE) has reached settlements with 200,000 of the 260,000 claimants participating in a class action lawsuit brought by German consumer group VZBV over the carmakerâ€™s rigging of diesel emissions tests, the carmaker said on Monday.
A further 21,000 cases were still being reviewed for possible payouts of 1,350 – 6,250 euros ($1,464.35 – $6,779.38) per car and the deadline for participating in the settlement has been extended to April 30, VW added. The exact amount depends on the age and model of the ownerâ€™s car.
Volkswagen will pay out a total of 620 million euros. It had set aside 830 million to cover the costs of settlements with all participants of in the VZBV class action.
The deal marks a further step in the German carmakerâ€™s efforts to make amends after it admitted in 2015 to using illegal software to cheat U.S. diesel engine tests.