Ky, Auto Owners Could Receive $100M from VW

Jun 28, 2016

FRANKFORT, Ky. (AP) — Volkswagen has agreed to pay the state of Kentucky nearly $3.5 million in civil penalties in a settlement that could result in up to $100 million for the state and its residents.

Kentucky Attorney General Andy Beshear on Tuesday announced the state's part in the automaker's agreement to pay up to $15.3 billion to settle lawsuits and allegations that it cheated on emissions tests.

Beshear's office said nearly 3,200 owners of the high-performance diesel vehicles will receive payments of at least $5,100 as well as either having their vehicles bought back by the company or modified to reduce emissions. Beshear's office said the buyback could be worth up to $80 million.

The attorney general's office said in a news release the state is eligible for more than $19 million in environmental damages from a trust funded by VW.