Volkswagen to pay $14.7 billion to settle diesel emissions case in U.S.

NEW YORK, June 27 (UPI) -- Volkswagen will pay $14.7 billion to settle claims in the United States over its diesel car emissions case.

The settlement involves the company's 2-liter diesel engines, and including plans to buy back or pay owners up to $10,000 for their vehicles. The settlement must still be approved by a judge

An expected $10 billion will go to repair or buy back 475,000 cars equipped with the rigged diesel engines, which the company admitted were designed to cheat emissions tests.

Another $4 billion will pay fines and fund clean-emissions technology.

The potential settlement is for the case by the U.S. Environmental Protection Agency and California's Air Resources Board and is expected to be filed in court Tuesday.