
The United States Environmental Protection Agency and California Air Resources Board have reportedly signed off on a fix for Volkswagen Group vehicles equipped with 3.0-liter TDI engines.
According to a letter seen by Reuters, the regulatory agencies have approved a fix for a number of different crossovers. Details are limited but it sounds like the repair has approved for 2013-2015 Audi Q7s as well as 2013-2016 Porsche Cayenne and Volkswagen Touareg models.
The news is a major victory for the Volkswagen Group as the letter reportedly said it could save the automaker more than $1 billion. As part of the settlement announced earlier this year, Volkswagen agreed to spend at least $1.2 billion dollars to buy back or repair nearly 80,000 vehicles equipped with the 3.0-liter TDI engine. In particular, the company will have to pay people who get their vehicle repaired a settlement of between $8,500 and $17,000.
That's not chump change but the situation could have been much worse. If the EPA and CARB didn't approve the fix, Volkswagen could have been on the hook for up to $4 billion.
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