#SueddeutscheZeitung

Report: Volkswagen Readying To Buy Back Some of Its Cars

German newspaper Sueddeutsche Zeitung reported Thursday that Volkswagen was preparing to buy back about one-fifth of its cheating diesel cars in the U.S., according to Reuters.

That would mean about 115,000 cars — likely older models that would need significant work to bring emissions into compliance — could be taken off the road in an historic buyback. According to the report, the cars would be bought back by the automaker for their purchase price or by significantly discounting a new model for those owners.