VW reaches 3.0l diesel agreement with EPA: report

German automaker Volkswagen and US environmental regulators have reached an agreement on diesel-powered 3.0 liter cars in the company's emissions scandal, a media report said today.
Under the terms of the agreement, which still requires court approval, Volkswagen would fix 60,000 vehicles with affected 3.0 liter engines and repurchase 19,000 older models for which repairs would be too complex, Bloomberg reported citing anonymous sources close to the negotiations.
The agreement with the US Environmental Protection Agency and California's Air Resources Board does not resolve legal actions brought by owners of 3.0 liter cars or by the Federal Trade Commission, according to Bloomberg.

A spokeswoman for Volkswagen told AFP the talks were confidential and that the company could not comment ahead of a court hearing scheduled for the end of the month. The Environmental Protection Agency declined to comment.
A settlement would close another major chapter in the company's emissions cheating scandal. Volkswagen last month concluded a record-setting $15 billion settlement concerning 2.0 liter diesel cars.
The company has found itself in a firestorm and seen sales plummet since admitting last year that it had deliberately configured as many as 11 million diesel-powered cars sold worldwide with "defeat devices" that reduced harmful nitrogen oxide output during emissions testing but allowed the cars to produce as much as 40 times permissible amounts during actual driving.

The company continues to face a criminal investigation in the US.