Volkswagen reaches deal to compensate U.S. dealers: Source
Thomson Reuters
Volkswagen AG is expected to announce on Thursday it has reached a deal in principle to compensate its 650 U.S. dealers in connection with the German automaker's diesel emissions scandal, a source briefed on the matter said.
The automaker and lawyers for the VW brand dealers are expected to announce a tentative settlement at a court hearing in San Francisco later Thursday morning.
The amount of the settlement fund is not expected to be immediately disclosed, the source said. VW's U.S. dealers have been barred from selling polluting diesel vehicles for nearly a year.