Criminal investigations are ongoing in the United States and Germany.
Tuesday, June 28, 2016
Volkswagen Settles With U.S.
Details of Volkswagen’s U.S. diesel emissions settlement are here. The company will pay up to $10 billion to repair or buy back defective cars, along with $5 billion in other penalties and clean-air initiatives. The details of the settlement don’t provide a path for Volkswagen to rebuild credibility for its diesel engines but could give it a reason to accelerate its electric-car efforts.