VW paid $9.8 billion in diesel settlements to U.S. consumers

Filed under: Earnings/Financials,Government/Legal,Green,Volkswagen,Emissions,Diesel

U.S. buyers of polluting Volkswagen AG vehicles received more than $9.8 billion in settlements, the Federal Trade Commission (FTC) said on Monday . Volkswagen agreed to offer to buy back or repair more than 550,000 polluting diesel U.S. vehicles after it admitted in 2015 that it used secret software to cheat emissions tests. Volkswagen paid more than $9.5 billion to U.S. consumers, while VW diesel supplier Robert Bosch [ROBG.UL] paid more than $300 million to U.S. consumers.

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VW paid $9.8 billion in diesel settlements to U.S. consumers originally appeared on Autoblog on Tue, 28 Jul 2020 08:48:00 EDT. Please see our terms for use of feeds.

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