Local Volkswagen owners are eager to find out the details of the settlement the company is expected to reach with the U.S. government tomorrow.
The details of how the company will correct the "clean diesel" scandal will be announced in a court hearing in San Francisco.
A source says VW will pay $1 billion to compensate owners of the diesel-powered cars that cheated on emissions tests. A German newspaper says the deal will give each U.S. car owner $5,000.
Another insider says the German car manufacturer will offer to buy back 500,000 vehicles or fix them, a fix that still needs to be approved.
The deal impacts owners of "clean diesel" VW Jettas, Golfs, and Audi A3s sold since 2009.
We first talked to Nate Jones of Maple Valley about Volkswagen's deceptive practice in September. He has a 2013 VW Jetta TDI.
He was pleased to hear about the $5,000 compensation. "We could use an extra $5,000, that's a tremendous deal," said Nate Jones. When asked if that makes up for the deceptive practice he answered, "I think I'd be foolish to turn it away -- $5,000, you can put that towards kids' education."
Jones said the $5,000 compensation, along with $1,000 VW already handed over, is getting him closer to breaking even. He still owes $17,000 on his Jeta, but said Kelly Blue Book value plummeted after the scandal. He said he'd likely keep his car if the fix does not impact mileage or how the car drives. If it does change the car, he would be more likely to trade it in.
The settlement details will be announced in a San Francisco courtroom on Thursday.
KIRO 7 will be watching closely and will report the details on TV and online.