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...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

As the online debate on trans issues remains heated, those affected by them in the real world are calling for more support, space and understanding. But are their voices being heard?

Colin Murphy | 3 weeks ago

The former NTMA head says he is ‘quite alarmed’ at the potential for legal actions over the large number of deaths in nursing homes during the crisis

Michael Brennan | 2 months ago

Oil storage in the self-styled ‘Pipeline Crossroads of the World’ is full to the brim, but the black stuff keeps on coming. With much of the world’s economy in a Covid-19 slowdown, at one point last week, benchmark US crude oil was priced at minus $37.63 a barrel

Barry J Whyte | 2 months ago