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Volkswagen may also offer to repair polluting diesel vehicles if U.S. A VW spokeswoman, the EPA and the Justice Department declined to comment Wednesday. VW will pay cash compensation to owners who either sell their vehicles back or get them fixed, one of the people briefed on the matter said. Owners are expected to have around two years to decide whether to sell back vehicles or get them repaired. It is not clear whether VW will be allowed to resell vehicles they buy back, the source said. The framework deal with U.S. Washington law office of Robert Mueller. The former FBI director is the court appointed mediator named to help settle more than 500 civil suits filed against VW. The talks, which continued over the week, included all the government agencies and lead plaintiffs attorneys suing GM. Some elements of the settlement are still being worked out and details are not expected to be announced Thursday at a court hearing, the people briefed on the matter said.
The final deal could still change before it is officially announced, they said. A final settlement is also expected to include an environmental remediation fund to address excess pollution emitted by the U.S. It is not clear if the deal will resolve the U.S. Justice Department's civil suit filed in January against VW or if VW will agree to pay a civil penalty. VW also faces ongoing criminal investigations by the Justice Department and other prosecutors around the world. 5,000. But a person briefed on the matter told Reuters that no decisions on how individual compensation will be awarded have been made. In December, VW said it was creating an independent claims program for owners of vehicles with excess emissions. It named compensation expert Ken Feinberg, who administered funds for the Sept. 11, 2001 attacks, BP Plc Deepwater Horizon oil spill and General Motors Co ignition switch crashes, to create and administer the program.
Automotive manufacturers have been digging into their parts bins for years to build new models. During the 1980s, GM pulled together components from the Chevy Chevette and other car lines to build its mid-engine Pontiac Fiero. The following decade Audi did the same thing, taking the platform used to power the Volkswagen Golf, Audi A3 and Skoda Octavia to underpin the Audi TT. Sometimes automakers need to save money in order to bring a winning product to the market, hence the sharing of key components with other models. Though originally based on a more humble platform, there isn't anything tame about the Audi TT, a car that is named for the famous British Isle of Man "Tourist Trophy" motorcycle race. The thinking here is that the TT would appeal to motorcycle racers who might choose a fast car to go along with their even faster bike. Offered in front or four wheel drive, the Audi TT was introduced for the 1998 model year and updated eight years later.
It is that latest generation model that is winning numerous design and engineering awards thanks to its use of aluminum in the front and steel in the back which helps to balance its weight distribution. Also notable are its turbo-charged engine choices which, when paired with a six-speed manual transmission, helps certain versions of the roadster and cabriolet go from zero to sixty in just 4.6 seconds. First generation Audi TT owners know that there rides are beautiful, but they aren't been without controversy as a pair of class action legal cases have sullied the model and are cause for concern for some TT owners. Specifically, first generation owners of the TT powered by its 1.8L turbocharged I4 gas engine need to be on the look out for premature engine failure. According to the complaint, timing belts have failed prior to the service interval, as noted in the owner's manual. Owners should have already received information from Audi on what to do next; if not, call your dealer for guidance.
