Dieselgate is the not-terribly-original name given to Volkswagen's current debacle. To bring you up to speed quickly, VW admitted to willfully deceiving emissions regulations, its vehicles polluting well in excess of legal limits in every situation except lab testing. The news broke back in September, but little progress has been made up until now.
US District Judge Charles Breyer, who is overseeing the federal suit against the German automaker, said "substantial progress" is being made to figure out how to deal with its over-polluting vehicles and the fallout related to them, according to Reuters. He went on to say that both the feds and VW are on schedule to deliver final proposals in late June.
Details of the talks are not known. In fact, there's a whole lot of stuff we still don't know, including how big its fine will be, how much the company will set aside for owners of affected vehicles, or even what Volkswagen will do with the cars.
There have been talks of buybacks, and there's a loose framework in place involving buybacks, but we likely won't know anything else until that June 21 deadline. For the time being, the talks will continue, and class-action suits will continue to progress. While only half a million diesels are affected in the US, that total rises to 11 million when all markets are taken into account.