You are here

Emissions scam: Volkswagen to pay another US$1b

In a settlement with US govt, the carmaker agrees to buy back or fix 80,000 diesel cars and also pay compensation

BT_20161222_DNVW22B_2657106.jpg
Volkswagen had fitted 11 million cars with illegal software that made them capable of defeating pollution tests.

New York

VOLKSWAGEN agreed on Tuesday to buy back or fix the remaining diesel cars caught up in its emissions cheating scandal, at an expected cost of about US$1 billion, in what has become one of the United States' largest consumer class-action settlements ever.

The settlement -

sentifi.com

Market voices on:

Powered by GET.comGetCom