Following the events of Volkswagen's emission scandal that involved installing software to cheat emissions standards, the automaker is now taking the necessary steps to rectify the situation. Steps that will cost the company a lot of money.

One of those steps, according to Reuters (citing German newspaper Sueddeutsche Zeitung), may include buying back close to 115,000 of its own vehicles that currently reside within the U.S. The decision to do so hasn't been confirmed by VW brand chief Herbert Diess, though he hopes to come to an agreement with U.S. regulators very soon.


Outside of having to provide refunds to VW owners (which makes up a fifth of affected cars in the country), the German company may also need to offer a brand new car at a reduced price. Overall, almost 500,000 diesel vehicles will need to go in for repairs and refitting in order to meet the U.S's emissions laws.

Meanwhile, in Europe, over 8.5 million Volkswagen vehicles are in need of the same treatment. Diess, however, expects his company to finish the process by the end of the year. In total, the carmaker has openly admitted to installing their cheat software in 11 million of its vehicles.