Volkswagen's U.S. diesel emissions settlement to cost nearly $15 billion - source

Volkswagen AG's settlement with nearly 500,000 U.S. diesel owners and government regulators over polluting vehicles is valued at nearly $15 billion (11.39 billion pounds), a source briefed on the matter said on Monday. The settlement, to be announced on Tuesday, includes just over $10 billion to offer buy backs to owners of polluting vehicles and nearly $5 billion in funds to offset excess diesel emissions and boost zero emission vehicles, the source said.