AP Source: Volkswagen reaches $14.7B emissions settlement

SAN FRANCISCO (AP) — Volkswagen diesel owners can choose to either sell their car back to the company or get a repair that could diminish the vehicle’s performance under a settlement of claims tied to the German automaker’s emissions-cheating scandal.
The settlement will cost VW $14.7 billion, a person briefed on the settlement talks said Monday, but does not resolve all the legal issues stemming from its admission that nearly a half million vehicles with 2-liter diesel engines