Sunday July 12, 2020

Deal with dealers adds to VW's emissions costs

Car maker will pay $1.2 billion for losses caused by scandal

26th August, 2016
Volkswagen still faces more claims over emissions cheating

Volkswagen will pay about $1.2 billion to reimburse US car dealers for losses caused by the emissions-cheating scheme, a person familiar with the matter said.

The agreement, which raises the amount VW will pay to resolve US lawsuits to $16.5 billion, removes one obstacle for the car maker as it seeks to repair its tarnished reputation.

While the company has already settled with car owners and regulators, VW still faces investor claims and possible criminal charges. VW...

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