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FTC's Ramirez: $10 billion VW emissions settlement enables compensation for 500,000 consumers

( October 25, 2016, 17:33 GMT | Official Statement) -- MLex Summary: With a $10 billion settlement approved in the US Federal Trade Commission's case over Volkswagen diesel vehicles sold under a deceptive "Clean Diesel" emissions sales campaign, Chairwoman Edith Ramirez said affected consumers have until Sept. 1, 2018, to file a claim for compensation. The FTC head said that the settlement will allow 500,000 consumers to sell back their "tainted diesel-powered cars" to Volkswagen, and that compensation in the majority of cases will range fomr $12,500 to $44,000.Road Cleared for VW to Compensate Consumers...

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