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The proposed settlement, with the Federal Trade Commission and owners of about 78,000 cars, includes compensating consumers as much as $16,114 and fixing or buying back affected 3-liter diesel models.

VW reaches settlement agreement with EPA and Californias Air Resources Board to fix or buy back vehicles with emissions-cheating 3.0-liter diesel engines.

VW has reached an agreement with U.S. environmental regulators to fix or buy back around 80,000 Audi, VW and Porsche vehicles with tainted 3-liter diesel engines.

VWs legal woes are far from over, as evidenced by the states suits and ongoing criminal probes, despite its $15.3 billion settlement with regulators and customers in June.

Car owners will be eligible for a payment ranging from $5,100 to approximately $10,000 per vehicle. The amount will be based on the age and mileage of the car.

South Korean automakers Kia and Hyundai tightened their grip on the lead in U.S. new-vehicle quality with Kia ranked best in J.D. Powers annual survey.

The recall is meant to fix a device that turns off emissions controls at particular temperatures as a means to protect the engine.

Swanky sports cars are losing momentum in the U.S. of late. Sales in the segment have declined for the past six quarters.