Volkswagen will offer generous compensation packages for the roughly 600,000
U.S. owners of diesel vehicles that emit an illegal amount of emissions, the
head of its claims fund told a German paper. The German car maker has still not
decided whether vehicle owners will be offered cash, car buy-backs, repairs or
replacement cars, Kenneth Feinberg told Frankfurter Allgemeine
Sonntagszeitung.Volkswagen in December asked Feinberg -- who earlier headed the
compensation funds for the Sept. 11, 2001 attacks, the BP. Deepwater Horizon
oil spill and General Motors' ignition switch crashes -- to create and
administer the program. On Friday Volkswagen postponed the publication of
financial results for 2015 and delayed its annual shareholders' meeting as it
struggles to put an exact price on its diesel emissions scandal. (Reuters)