U.S. consumers received $9.8 billion in Volkswagen diesel settlements: FTC

REUTERS

The U.S. Federal Trade Commission (FTC) said on Monday that buyers of polluting Volkswagen AG vehicles received more than $9.8 billion in settlements.

Volkswagen agreed to offer to buy back or repair more than 550,000 polluting diesel U.S. vehicles after it admitted in 2015 it used secret software to cheat emissions tests.

The FTC in its final report on the settlements said more than 86% of consumers completing claims chose to return their car through a buyback or early lease termination rather than get a repair. read more »

EPA watchdog to review Trump's auto emissions rule changes

CNN

The overhaul of vehicle emission standards that the Trump administration called its "largest deregulatory initiative" is now under review by the Environmental Protection Agency inspector general.

The IG said Monday its review would determine whether the agency's rule followed requirements for "transparency, record-keeping, and docketing, and followed the EPA's process for developing final regulatory actions." read more »