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STATEMENT BY VOLKSWAGEN GROUP OF AMERICA
Last month, U.S. District Court Judge Charles Breyer, who presides over the Multi-District Litigation proceedings in San Francisco, announced that the parties had reached certain agreements in principle to resolve 2.0L TDI emissions matters. On May 24th, Volkswagen again appeared before Judge Breyer for a status conference where the Court noted he had received a report that the parties “have made substantial progress in their intensive, daily efforts to finalize the agreements and, most importantly, are on track to meet the Court’s deadline.”
Volkswagen is pleased that we continue to make progress in our discussions with U.S. government agencies, regulators and the Plaintiffs’ Steering Committee, and is working to finalize the agreements in principle, as directed by the Court. These agreements in principle are an important step on the road to making things right, as we work to earn back the trust of our customers, dealers, regulators and the American public. We also continue to work expeditiously on an approved solution for 3.0L V-6 engine TDI vehicles. Our customers in the United States do not need to take any action at this time, and we thank them for their continued patience.