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
-
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.
-
China Prepares to Sanction U.S. Carmaker for Price Fixing
China is preparing to fine an undisclosed U.S. carmaker for ordering its distributors to fix prices beginning in 2014, according to China Daily. Media reports say General Motors Co. is the target.
-
U.S. Justice Dept. Asks VW to Delay Diesel Cheating Report
The U.S. Dept. of Justice has asked Volkswagen AG not to release findings of an independent probe into the German carmaker's diesel emission cheating scandal.
