VW To Pay Owners Up To $7K In Wake Of $10B Diesel Emissions Scandal

SAN FRANCISCO (KCBS) -- Volkswagen will pay owners of its polluting diesel cars up to seven thousand dollars and agree to fund a grant program to offset air pollution.

Bloomberg News reports that payment is part of a $10 billion settlement that's expected to go before a federal judge next week.

The German automaker will reportedly provide cash payments worth between $1,000 and $7,000 depending on the vehicle's age and other factors, to compensate consumers.

Volkswagen has admitted equipping half a million diesel cars in the U.S. with software to cheat on emissions tests.

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