FTC and VW reach $1.2 billion settlement over diesel emissions

The Federal Trade Commission has required Volkswagen Group of America to fully compensate consumers who bought 3.0-liter TDI diesel vehicles through a combination of repairs, additional monetary compensation, and buybacks for certain models. The company will pay $1.2 billion relating to about 80,000 of its larger, 3.0-liter diesel-powered vehicles. That