VW plans to offer compensation over diesel scandal


Volkswagen plans to offer generous compensation to up to 600,000 U.S. customers who own diesel vehicles involved in the German automaker's emission-test cheating scandal, the German newspaper Frankfurter Allgemeine Sonntagszeitung reported Sunday. The paper quoted veteran compensation mediator Kenneth Feinberg, head of the VW claims fund, as saying that the company still had not decided who would be offered cash, vehicle buy-backs, fixes, or new vehicles. VW on Friday postponed the release of its 2015 earnings as it tried to determine the full cost of the scandal.
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Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.
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