VW On The Hook For $15 Billion In The US Because Of #DieselGate
The day of reckoning has come for Volkswagen. At least in the US. The details on what Volkswagen is going to do about their dirty diesel cars has finally been made public, and it is not cheap for VW. Here’s the highlights (but if you want more details, click here):
- $10 billion to repair or buy back almost half a million Volkswagen vehicles with 2-litre diesel engines
- Each owner will get an additional payment of between $5,100 and $10,000
- VW will have to pay US regulators $2.7 billion for environmental mitigation and another $2 billion for research on zero-emissions technology.
A judge still has to give their okay for this to go ahead. And owners of dirty diesels can still sue VW. So this is far from over. Also, it should be mentioned that this is only for the US which means that VW will have to cut similar deals in Canada and anywhere else these dirty diesels were sold.
January 11, 2017 at 12:32 pm
[…] in mind that this is on top of VW paying $15 billion to the feds not too long ago, and one of their execs getting arrested just in the last few days. […]