Volkswagen Buy Back Offer

Volkswagen said its buyback offer applied to new diesel vehicles bought between April 1 and the end of 2018 and kicks in if the city in which the buyer lives or works bans diesels within three years of the purchase.

Volkswagen AG and US officials have reached a framework deal under which the automaker would offer to buy back almost 500,000 diesel cars that used sophisticated software to evade US emission rules, two people briefed on the matter said on Wednesday.

Volkswagen said its buyback offer applied to new diesel vehicles bought between April 1 and the end of 2018 and kicks in if the city in which the buyer lives or works bans diesels within three years of the purchase.

Volkswagen AG and US officials have reached a framework deal under which the automaker would offer to buy back almost 500,000 diesel cars that used sophisticated software to evade US emission rules, two people briefed on the matter said on Wednesday.