VW faces largest US civil settlement ever
DOI: 10.1063/PT.5.029927
Bloomberg : Because of Volkswagen’s attempt to rig environmental tests on its diesel vehicles, the car manufacturer may have to pay out some $15 billion to settle all the lawsuits in the US alone. Up to $10.03 billion is to cover costs including buying back vehicles and compensating the owners. Some $2.7 billion will be paid as fines to the US Environmental Protection Agency and the California Air Resources Board, and about $2 billion will be invested in clean-emissions technology. Another $400 million will go to settlements with states, including New York. Whether VW has set aside enough money to cover all the fallout remains to be seen, as the company still faces civil and criminal actions in other countries spanning three continents.
