Mexican Media Brands
VW Will Pay $86 Million to Settle California’s Civil Claims Over Diesels
Volkswagen AG has agreed to pay an $86 million penalty to cover costs associated with California’s investigation of the carmaker’s diesel emission cheating, Reuters reports.
#legal #regulations
Share
Volkswagen AG has agreed to pay an $86 million penalty to cover costs associated with California’s investigation of the carmaker’s diesel emission cheating, Reuters reports.
The amount is in addition to the $15.3 billion settlement VW struck last month with California, the U.S. Environmental Protection Agency and the U.S. Dept. of Justice.
Reuters says $76 million of the new settlement will go directly to the California attorney general’s office to offset the costs of investigating and litigating the state’s portion of the larger VW settlement. The remaining $10 million will be used to pay for research by agencies and universities into methods to detect emission test “defeat devices,” such as the software VW used to evade emission standards.
RELATED CONTENT
-
Takata Opens $850 Million Fund to Pay Carmakers for Airbag Woes
Takata Corp. has launched an $850 million fund in the U.S. to repay carmakers for a portion of their costs to recall Takata airbag inflators that can explode when triggered by a crash.
-
Uber Fires Levandowski Over Waymo Lawsuit
Rider-share provider Uber Technologies Inc. has fired Anthony Levandowski, who headed its autonomous vehicle program until stepping aside in April.
-
Report: Ghosn Kept List of Hidden Compensation
Japanese prosecutors have found a list apparently created by former Nissan Motor Co. Chairman Carlos Ghosn that charts compensation the company didn’t report but he expected to receive, The Nikkei says.
