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Business Matters: VW Reaches US deal in Emissions Scandal

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VW Reaches US deal in Emissions Scandal

22/04/2016 GMT

BBC World Service - Business Matters, VW Reaches US deal in Emissions Scandal

Volkswagen will offer "substantial compensation" and car buy-back deals.

Volkswagen will offer "substantial compensation" and car buy-back deals in the US as part of a settlement of the the diesel emissions scandal.

Volkswagen has agreed a settlement with US regulators over the emissions scandal. It'll pay what it calls "substantial" compensation to the owners of more than half a million affected cars in the United States. Reports suggest this could include buying back cars from unhappy owners. The company was found to have installed a device that cheated official emissions tests, making its cars seem much greener than they really were. Some vehicles actually pumped out more than forty times the legal limit of the pollutant nitrogen oxide. Keith Lang, Washington Correspondent of the Detroit News, gives us the latest. 

Canada has used a United Nations conference on drug policy to announce to the world that it's planning to legalise marijuana. It's a big step. There are plenty of countries around the world which have decriminalised the drug, to take users out of the criminal justice system. Full legalisation is different. It means the drug can be promoted by businesses, for sale as a recreational product. Denis Arsenault, CEO of Organigram, which has been farming cannabis for medical use since 2014, explains what difference the new rules in Canada would make. 

And the hugely popular singer and musician Prince has died, aged 57. We pay tribute to one of the music industry's most influential artists since the 1980s. 

All this and more discussed with our guests throughout the show: Satyajit Das, former banker and author of several books on global finance, in Sydney and And Alison van Diggelen, host of freshdialogues.com, is with us from Silicon Valley.

(Photo: Volkswagen logo. Credit: Getty Images).

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