Another chapter in the Volkswagen dirty diesel scandal may be drawing to a close. Reports today say that VW has reached an agreement with federal and California regulators to fix or buy back about 80,000 Audi, Porsche, and VW vehicles with 3.0-liter diesel engines.
About 60,000 of the cars would be recalled and brought into line with U.S. and California emission standards while 19,000 older models would be repurchased because fixing them would be too complicated, Bloomberg reported. Fixing the 60,000 newer models involves a simple software update.
Avoiding a full buyback of the cars would save VW about $4 billion, but the reported agreement is still preliminary and faces opposition from groups representing the cars' owners, who want VW to repurchase all of the cars.
The affected models include diesel versions of the VW Touareg, Porsche Cayenne, and Audi Q5, Q7 and A8.
Volkswagen has already agreed to pay more than $16 billion to buy back or, if it can win approval from regulators, fix roughly half a million cars equipped with 2.0-liter TDI Clean Diesel engines.
The company admitted late last year that about 11 million diesel cars worldwide are equipped with a "defeat device" that enables them to pass emission inspections even though they may be emitting up to 40 times the legal limit of pollutants on the road.