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"The biggest news this week - announced only around beer o&amp;#39;clock last night, UK time, was&amp;#160;Volkswagen AG and the US Justice Department reaching a deal &amp;quot;in principle&amp;quot; to sort out the little problem of&amp;#160;excess emissions in nearly 600,000 diesel vehicles sold Over There. On the face of it, with much more detail yet to come, it seems like a sensible agreement -&amp;#160;Judge Charles Breyer said the settlement was expected to include a buyback offer for nearly 500,000 two-litre vehicles and a possible fix if &amp;#39;regulators&amp;#39; - we&amp;#39;re talking Environment Protection Agency (EPA) and California Air Resources Board (CARB) here -&amp;#160;agree on it. The settlement would include an environmental remediation fund and additional compensation to owners to sell back or have vehicles fixed.&amp;#160;The government and Volkswagen have until late June to complete a final &amp;quot;consent decree&amp;quot; and, this is interesting, that will face public comment before taking effect."^^<http://www.w3.org/2001/XMLSchema#string>
<http://www.just-auto.com/comment/the-week-that-was-vw-agrees-a-deal-with-the-us_id168749.aspx>