Volkswagen have reached an agreement with the US authorities to end the judicial investigation into the case “dieselgate” the manipulation of harmful gas emissions by 11 million vehicles around the world.
according to the German newspaper Die Welt, advancing the news this Wednesday, April 20, the German car manufacturer must pay five thousand dollars (4,400 euros at current price) to each of the owners VW vehicles damaged by the scheme.
in addition to the amount paid, the company will still have to solve the technical manipulation that was the problem initially detected last year by the US environmental Protection agency. For clarify details are the repair plan of the affected vehicles and other compensatory measures that may be imposed.
The public disclosure of the solution – citing unidentified sources – comes a day before the deadline given by US regulators to reach an understanding. And the days of the visit of Barack Obama to the Old Continent, passing by Germany, which has the subject on its agenda.
German newspaper, the German lawyer Christopher Rother informed that the injured parties in Europe will seek from the German brand of the US to such an agreement.
Provisions will be in double-digit million
according to the next two process sources cited by Reuters, Volkswagen will be forced to substantially increase the amount provided to cover the expenses scandal emissions, currently estimated at 6,700 million euros.
The value of the provision will be announced on April 28, when the results of 2015 are known, and will amount to two-digit million euros. An analyst at Evercore ISI, Arndt Ellinghorst, indicates that the total costs amount to about 30 billion euros.
The cost of this problem must leave the hands of the shareholders shake on dividends for the year of 2015. Analysts polled by Reuters expected, on average, a drop of 70% in operating profit of the company in the last quarter of the year, to EUR 992 million.
on Thursday, referring to Reuters, the proposed agreement should be submitted to judge Charles Breyer in San Francisco, to whom the complaints were directed owners, preventing the progress of the judicial process.
the Volkswagen securities closed trading Wednesday to shoot 6.88% to 121.25 euros in Frankfurt, already in anticipation of an agreement with the US consumers.
(updated news at 20:07 with more information)
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