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

WASHINGTON (Reuters) - Volkswagen AG's settlement with nearly 500,000 U.S. diesel owners and government regulators over polluting vehicles is valued at nearly $15 billion, a source briefed on the matter said on Monday.

The settlement, to be announced on Tuesday, includes just over $10 billion to offer buybacks to owners of polluting vehicles and nearly $5 billion in funds to offset excess diesel emissions and boost zero emission vehicles, the source said.

(Reporting by David Shepardson, editing by G Crosse)