VW, EPA expect not to unveil diesel settlement on Thursday: sources – Reuters

A flag of a Volkswagen VW car dealer is seen in Bochum, Germany March 16,2016.  REUTERS/Ina Fassbender

A flag of a Volkswagen VW automobile dealer is seen in Bochum, Germany March 16,2016.

Reuters/Ina Fassbender

n”>Volkswagen AG (VOWG_p.DE) was not expected to unveil an agreement Thursday along with U.S. regulators at a federal court listening to in California on the subject of exactly how to treat excess emissions in 580,000 diesel vehicles, 2 resources briefed on the subject of the negotiations said on the subject of Wednesday.

The German automaker has actually been in talks for months along with the U.S. Justice Department, Environmental Protection Agency and California Air Sources Board (CARB) over exactly how to treat the excess emissions.

U.S. District Judge Charles Breyer last month established a March 24 deadline for Volkswagen to say whether it has actually located an emissions solution that is acceptable to U.S. regulators.

Volkswagen and regulators are most likely to tell Breyer they are making excellent progression to reaching a deal, however have actually not reached an agreement, the resources said, including that a potential deal could possibly still be weeks away.

VW has actually been in talks along with regulators concerning exactly how to treat the issue, including a potential buyback provide for an unknown variety of vehicles along along with feasible financial rewards for owners to grab their vehicles repaired.

One central issue is whether the EPA will certainly accept a solution that does not permanently treat excess on-road emissions. EPA spokeswoman Laura Allen declined to comment on the subject of that question, or the status of the talks.

Earlier this month, a California official said the say might permit partially repaired Volkswagen diesel cars to keep on operating on the subject of its roads since a complete solution might be impossible.

The cars are equipped along with “defeat devices” that permit them to pass laboratory emissions examinations despite exceeding federal standards by up to 40 times as soon as they are steered on the subject of roads.

Todd Sax, chief of CARB’s enforcement division, said this month he did not believe a solution was readily available that would certainly permit the cars to comply along with the emissions standards or the onboard diagnostic requirements.

“We will certainly have actually to choose just what the very best method is to dealing along with these vehicles, and among the choices potentially would certainly be to accept something much less compared to a complete fix,” he said.

A VW spokeswoman declined to comment on the subject of the status of the talks.

Regulators could possibly likewise require VW to established aside your hard earned cash to treat excess pollution as section of a settlement.

The U.S. Justice Department in February sued Europe’s biggest automaker for up to $46 billion for violating U.S. environmental laws. VW and its Audi and Porsche brands stay barred from selling any kind of brand-new 2016 diesel models in the United States.

(Reporting by David Shepardson; Editing by David Gregorio)