According to Reuters, the agreement is a new step in the efforts of the German car manufacturer to provide compensation after its approval in 2015 using software to defraud the tests of American diesel engines in violation of the law.
The effort cost Volkswagen more than $ 30 billion between retrofitting vehicles, fines and provisions.
Under the agreement announced on Friday, the sum will be distributed to the group’s nearly 260,000 members of the lawsuit. How much each owner gets will depend on the age and make of the car.
Nearly all US owners of defective cars have agreed to participate in a $ 25 billion settlement in 2016 in the United States, but Volkswagen says there is no legal basis for consumers in Germany to demand compensation due to the different laws.
This month, an initial attempt to reach a settlement of 830 million euros with the German Consumer Organizations Association failed, which Volkswagen attributed to claims for fees of 50 million euros by lawyers representing consumer protection groups.
