Volkswagen fined US$154m more in US for dieselgate
[NEW YORK] Volkswagen must pay an additional US$154 million to California to settle state environmental charges in the latest penalty in the scandal over its use of emissions "defeat devices", regulators announced Thursday.
The sum is on top of US$533 million VW already paid to California in the so-called dieselgate conspiracy, in which software allowed cars to pass emissions tests, while still spewing nitrogen oxide far above legal limits.
"This payment to the State of California closes another chapter in the so-called 'dieselgate' case against Volkswagen, but it is not the end of the story," said Mary Nichols, chair of the California Air Resources Board (CARB).
"There are still consumers waiting to find out the future of their cars. CARB is working with US EPA to determine if the remaining vehicles can be modified."
The additional penalty will cover air quality violations and the costs of the California agency's probe, CARB said.
VW admitted in 2015 to equipping about 11 million cars with defeat devices, including about 600,000 vehicles in the United States.
In the US, VW has pleaded guilty to felony charges, agreed to cooperate with ongoing criminal probes into the affair and to pay for the buyback and replacement of cars affected by the technology.
Volkswagen still faces an array of legal challenges in Germany and worldwide relating to the scandal.
The global carmaker has so far set aside more than 22 billion euros (S$33.35 billion) to cover fines and compensation related to dieselgate, but experts estimate the final bill could be much higher.
AFP
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Honda sees full-year profit rising 2.8%
Porsche to open S$100 million ‘experiential centre’ in Changi by 2027
BP keen to buy Tesla supercharging sites for US expansion
SingPost H2 profit up 93.4% at S$66.9 million; proposes S$0.0056 per share final dividend
China’s Zeekr prices US IPO at top of range to raise US$441 million: source
China’s BYD will consider second Europe plant in 2025, executive says