Emissions Settlement Expected To Cost Volkswagen $15 Billion

  • Monday, June 27, 2016

A settlement regarding an emission cheating scandal is expected to cost Volkswagen $15 billion.

Exact terms are to be released on Tuesday in court in San Francisco.

Volkswagen is to fix or buy back polluting vehicles, paying each owner between $5,100 and $10,000. There would be $10 billion set aside for that item.

The scandal involves some 475,000 VWs with 2-liter diesel engines.

The settlement is expected to include $2.7 billion for environmental mitigation and another $2 billion for research on zero-emissions technology.
Business/Government
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