Mexican Media Brands
VW Says €6.7 Billion Will Cover Repairs for All Cheater Diesels
Volkswagen AG says the €6.7 billion ($7.3 billion) it budgeted previously should be enough to repair 11 million diesels that were rigged to evade emission tests.
#regulations
Share
Volkswagen AG says the €6.7 billion ($7.3 billion) it budgeted previously should be enough to repair 11 million diesels that were rigged to evade emission tests.
CEO Matthias Mueller tells Reuters TV the fixes will include new catalytic converters for about 430,000 affected cars in the U.S. and the possibility of buying back certain older models in that market.
The U.S. Environmental Protection Agency, which uncovered the cheater diesels last September, reiterates that it won’t approve any repairs until they are fully tested and bring the targeted vehicles into regulatory compliance.
VW’s repair budget does not include regulatory fines and lawsuits that could add many billions to the price of resolving the scandal. Finalizing those costs is likely to take several years.
RELATED CONTENT
-
Dubai to Test Digital License Plates
Next month Dubai will begin testing digital license plates that can display various messages, make payments and conduct other transactions.
-
Porsche Racing to the Future
Porsche is part of VW Group and it is one of the companies that is involved in putting vehicles on the U.S. market with diesel engines in violation of EPA emissions regulations, specifically model year 2013–2016 Porsche Cayenne Diesel 3.0-liter V6 models.
-
Self-Driving Chevy Bolt Ticketed for Driving Too Close to Pedestrian
Police in San Francisco ticketed the backup driver in a self-driving Chevrolet Bolt for allowing the car to drive too close to a pedestrian in a crosswalk in San Francisco.