VW makes 'substantial progress' on final settlement, judge says


              In this Oct. 5, 2015 file photo the VW sign of Germany's car company Volkswagen is displayed at the building of a company's retailer in, Berlin, Germany. Germany's motor transport agency is ordering a mandatory recall of Volkswagen cars sold with software that enabled them to evade diesel emissions testing, as it was announced Thursday, Oct. 15, 2015. (AP Photo/Markus Schreiber, file)
In this Oct. 5, 2015 file photo the VW sign of Germany's car company Volkswagen is displayed at the building of a company's retailer in, Berlin, Germany. Germany's motor transport agency is ordering a mandatory recall of Volkswagen cars sold with software that enabled them to evade diesel emissions testing, as it was announced Thursday, Oct. 15, 2015. (AP Photo/Markus Schreiber, file)
photo FILE - In this Oct. 5, 2015, file photo, the VW sign of Germany's Volkswagen car company is displayed at the building of a company's retailer in Berlin. Attorneys for Volkswagen are due in federal court, and the judge overseeing hundreds of class-action lawsuits against the company is expecting an answer about how it plans to bring nearly 600,000 diesel cars into compliance with clean air laws. Senior U.S. District Judge Charles Breyer is scheduled to get an update from the company’s attorneys about its remediation efforts at a status conference on Thursday, March 24, 2016. (AP Photo/Markus Schreiber, File)

Volkswagen AG has made substantial progress toward reaching a final settlement by late June with car owners and the U.S. government over the German automaker's cheating on diesel emissions tests, Bloomberg reports that a federal judge said today.

U.S. District Judge Charles Breyer in San Francisco also reiterated that a settlement will include "substantial compensation" for owners of 482,000 polluting vehicles that emit up to 40 times legally allowable pollution.

Breyer said lawyers for owners suing Volkswagen and the U.S. Justice Department, Environmental Protection Agency, Federal Trade Commission and the company were on track to file the final proposed settlements by June 21.

The "parties ... have reported that in the month since we last met they have made substantial progress in intensive daily efforts to finalize the agreement, and most importantly are on track to meet the court's deadline," Breyer said.

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