TDI Settlement

Volkswagen has reached proposed Settlements involving 2.0-liter Volkswagen and Audi diesel vehicles with the United States Environmental Protection Agency ("EPA"), the California Attorney General, the California Air Resources Board ("CARB"), the Federal Trade Commission, and current vehicle owners/lessees and certain former vehicle owners/lessees in the United States.

Buy back, terminate leases or provide approved emissions modifications for nearly 475,000 2.0-liter TDI diesel cars in the United States;

Provide cash payments to owners/lessees;

Pay for environmental remediation; and

Promote zero emissions vehicle technology.