Volkswagen agrees $14.7 billion settlement in the US - leatherbiz: Lea Leatherbiz

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Volkswagen agrees $14.7 billion settlement in the US

25/10/2016
Volkswagen agrees $14.7 billion settlement in the US
Automotive group Volkswagen has won approval from a judge in California for a series of proposed agreements to resolve claims regarding Volkswagen and Audi vehicles in the US. In September 2015, Volkswagen became involved in a scandal over emissions testing results.

Media in the US have reported that the settlement will cost Volkswagen $14.7 billion; there are other outstanding issues concerning another group of cars.

The company described the development as “an important milestone in our journey towards making things right in the United States”.

Related stories:

Emissions scandal continues to weigh on Volkswagen 01/11/2016

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