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SAN FRANCISCO, June 28 (Xinhua) -- Volkswagen AG (VW), a German automaker, has agreed on two settlements to buy back or fix some of its diesel vehicles
sold on the U.S. market with "defeat devices" and to mitigate environmental
harms caused by the polluting vehicles.

The settlements, filed by the U.S. Department of Justice (DOJ) on Tuesday, include up to 10.033 billion U.S. dollars for buybacks or fixes, 2.7 billion
dollars over three years to fund projects aimed at reducing emissions of
nitrogen oxide plus 2 billion dollars over 10 years to fund programs designed to
promote electric vehicles or other zero-emission options.

The deals were reached between WV and DOJ, the State of California and the U.S. Federal Trade Commission (FTC).

The buyback deal covers 475,000 Volkswagens with 2.0-liter, four-cylinder diesel engines, including Jetta, Beetle, Audi A3, Golf, and Passat, sold between
2009 and 2015. Owners can option to allow VW to buy back their vehicles at
retail value as of September 2015, prior to the public disclosure of the
emissions cheating scandal, or to get their vehicles repaired for free.

The vehicles were programmed to turn on emission controls during legally mandated tests and turn them off while on the road, emitting up to 40 times the
legal limit of nitrogen oxide. Worldwide, about 11 million vehicles were
installed with the device to fool tests.

It is unclear why the number of vehicles covered in the deal is different from what was in a tentative agreement between VW and vehicle owners, which
listed about 482,000 Volkswagens, announced two months ago by Judge Charles
Breyer, of the U.S. District Court for the Northern District of California.

The provisions of the deal are contained in a proposed consent decree filed on Tuesday in the San Francisco-based court, as part of the ongoing
multi-district litigation, and will be subject to public comment period of 30
days. Judge Breyer has set a hearing for preliminary approval on July 26 and
final approval is expected in October.

"By duping regulators, Volkswagen turned nearly half a million American drivers into unwitting accomplices in an unprecedented assault on our
environment," said Deputy U.S. Attorney General Sally Yates on Tuesday while
announcing the settlements and declaring that it was the first step taken,
adding that a criminal investigation is underway against multiple individuals
related to the cheating scandal.

"While this announcement is an important step forward, let me be clear, it is by no means the last," she said. "We will continue to follow the facts wherever
they go."

The deal does not cover more than 80,000 Volkswagen, Audi and Porsche vehicles with 3-liter, six-cylinder diesel engines sold in the United States.

VW will begin buying back vehicles after Judge Breyer's approval, and is expected to start proposing fixes and acquire approvals from the U.S.
Environmental Protection Agency (EPA) and the California Air Resources Board in

According to court documents filed on Tuesday, most vehicle owners will get 5,100 to 10,000 dollars in compensation, and VW must buy back or repair 85
percent of the 475,000 vehicles by June 30, 2019, or face penalties of 100
million dollars for every percentage point it falls below 85 percent. The fine
will be put into an environmental trust fund.

Owners who have third party loans at initial buying of the vehicle will have the option of having VW pay off those loans, up to 130 percent of the amount a
owner would be entitled to under the buyback.

On VW's part, the automaker announced on Tuesday a separate settlement with 44 U.S. states, the District of Columbia and Puerto Rico, which is likely to
cost at least 600 million dollars.

BEIJING nike air force1 high womens , Nov. 3 (Xinhua) -- Vice Foreign Minister Zheng Zeguang said Friday that the meeting between Chinese and U.S. presidents in
Beijing next week is expected to map out a blueprint for the development of
bilateral ties in a new era.

China and the United States are working to ensure U.S. President Donald Trump's state visit a success, Zheng said at a press briefing.

Trump, who will visit China from Nov. 8 to 10 nike air force1 07 womens , will be the first head of state to visit China since the 19th National Congress of the Communist Party of China.

Apart from formal activities commensurate with a state visit, "informal interactions" will be arranged for the presidents of the two countries, Zheng
told a press briefing.

Using this opportunity nike air force1 low womens , Chinese President Xi Jinping and Trump will have strategic communication on significant issues of common concern to build new
consensus, enhance mutual understanding and friendship, and promote bilateral
relations in all spheres nike air force1 white womens , Zheng said.

The core of Sino-U.S. economic and trade is mutual benefit. Solving the trade imbalance between China and the United States requires expanding U.S. exports to
China and increasing two-way investment, rather than restricting imports from
China, he said.

Zheng said that a trade war would harm both countries nike air force1 split womens , noting that the two economies are highly complementary and have great potential for cooperation.

China has always worked for the denuclearization of the Korean Peninsula and for peace and stability on the peninsula, said Zheng, adding that the issue
should be settled through dialogue and consultation.

China always strictly implements UN security council resolutions. At present nike air force1 reimagined womens , all parties should refrain from action that may escalate tensions and work to bring the issue back to the negotiating
table, he said.

China and the United States share broad common interests and shoulder important responsibilities in safeguarding world peace and stability and
promoting global development and prosperity, he said.

China is ready to work with the U.S. side to respect each other nike air force1 foamposite womens , pursue mutual benefit, focus on cooperation. Wholesale Authentic Jerseys   Wholesale Jerseys Free Shipping   Wholesale Jerseys China Cheap   Wholesale Soccer Jerseys China   Wholesale College Hockey Jerseys   Wholesale Nike NFL Jerseys   Cheap Jerseys China   Cheap College Basketball Jerseys   Wholesale NBA Jerseys   Wholesale College Hockey Jerseys 

Posted 15 Jun 2018

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