BERLIN, Feb. 28 (Xinhua) -- Volkswagen (VW) and the Federation of German Consumer Organizations (vzbv) have finally reached an agreement on the negotiated 830 million-euro (912 million-U.S. dollar) compensation settlement in the dieselgate class action lawsuit, the German car maker announced on Friday.
Around 260,000 Volkswagen customers who participated in the lawsuit would receive compensation from the German car maker of between 1,350 euros and 6,257 euros, depending on the vehicle type and model year, according to the vzbv.
VW customers entitled to the compensation could claim an average of 15 percent of the original purchase price from the car maker, the consumer organization said. Volkswagen would "bear the full costs of the settlement and legal advice for consumers."
"The offer is not generous, but it is within the scope of the compensation sums achieved so far at German courts in individual settlements," said Klaus Mueller, member of the vzbv Board.
VW said it will work "intensely" to develop a platform for processing the settlement. After the end of March, customers entitled to the settlement would receive their one-time payment "easily and quickly."
"The agreement is good news for customers," said Hiltrud Werner, member of the Board of Management responsible for integrity and legal affairs at Volkswagen, adding that the negotiating parties had achieved "a fair and verifiable settlement solution."
The scandal surrounding illegally manipulated exhaust emission levels in millions of diesel cars built by VW became public in 2015.
