Tennessee to receive $12.6 million share of Volkswagen settlement
The state attorney general's office says Tennessee is in line to receive a $12.6 million share of Volkswagen's settlement with the states over deceptive trade practices in the sale of diesel vehicles designed to cheat emissions testing standards.
The German automaker agreed to pay the states more than $1,000 per car that violated consumer protection laws, totaling $570 million nationwide.
The state is also eligible to receive $42 million in support of environmental programs to reduce emissions.
The settlement with the states follows an announcement that Volkswagen will spend $14.7 billion to settle the largest auto-related class-action settlement in U.S. history.
The company agreed to buy back or repair about 475,000 vehicles with cheating 2-liter diesel engines and to compensate owners with payments of $5,100 to $10,000.