Volkswagen overstated fuel economy on 98,000 U.S. vehicles, will repay consumers
Source: Reuters
BUSINESS NEWS AUGUST 30, 2019 / 2:40 PM / UPDATED 2 HOURS AGO
Volkswagen overstated fuel economy on 98,000 U.S. vehicles, will repay consumers
David Shepardson
3 MIN READ
WASHINGTON (Reuters) - Volkswagen AG (VOWG_p.DE) must forfeit greenhouse gas emissions credits and is lowering the fuel economy ratings on 98,000 vehicles after the U.S. Environmental Protection Agency said auto software overstated real-world performance.
Volkswagen said Friday it had agreed to a $96.5 million court settlement, with no fine, to reimburse affected customers.
The software was on roughly 1 million 2013-2017 model year Audi, Bentley, Porsche and Volkswagen vehicles, the agency said. It caused the transmission to shift gears in a manner that sometimes optimizes fuel economy and greenhouse gas emissions during the EPA-prescribed emissions test, but not under normal driving conditions, the agency said.
The vehicles getting lower ratings include versions of the Audi A8, Bentley Continental GT, Porsche Cayenne and VW Touareg. Not all of the five model years are covered by the settlement.
-snip-
Read more: https://www.reuters.com/article/us-volkswagen-settlement/volkswagen-overstated-fuel-economy-on-98000-u-s-vehicles-will-repay-consumers-idUSKCN1VK2AT