— a systematic global deception of customers and regulators that resulted in millions of vehicles being sold globally that produce unexpectedly high levels of pollutants. Details of the settlement were reported today by Bloomberg, AP, and the New York Times, though they won't officially be made public until submitted to a federal judge on Tuesday.

The deal, which does not affect owners outside the US, earmarks nearly $15 billion to repair or buy back affected vehicles. For owners who choose the buyback, they'll receive amounts equal to the trade-in value before the scandal broke (and that's a critical detail, because the values of those vehicles has fallen through the floor in the intervening months). In addition, owners will get anywhere from $5,100 to $10,000 in cash as an "I'm sorry" for the ordeal.