German automaker Volkswagen and US environmental regulators have reached an agreement on the diesel-powered 3.0 liter cars also involved in the company's emissions scandal, according to a news report.

Under the terms of the agreement, which still requires court approval, Volkswagen would fix 60,000 vehicles with affected 3.0 liter engines and repurchase 19,000 older models for which repairs would be too complex, Bloomberg reported, citing anonymous sources close to the negotiations.

The settlement would close another major chapter in the company's emissions cheating scandal. Volkswagen last month concluded a record-setting $15 billion settlement concerning 2.0 liter diesel cars.

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