WorldNews Posted June 28, 2016 Share Posted June 28, 2016 http://www.offtopic.forum/data/MetaMirrorCache/5df1412c4b1d6798d93dab6ab06cd44f.jpgBy David Shepardson and Joel Schectman WASHINGTON (Reuters) - German automaker Volkswagen AG will pay as much as $15.3 billion after admitting it cheated on U.S. diesel emissions tests for years, agreeing to buy back vehicles from consumers and provide funding that could benefit makers of cleaner technologies. A deal formally filed by the Justice Department on Tuesday will provide the largest-ever automotive buyback offer in the United States. The proposed consent decree confirmed that VW will set aside $10.033 billion to cover buybacks or potential fixes for diesel cars and sport utility vehicles that used illegal software to defeat government emissions tests. Continue reading... Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.