• Company News: Volkswagen AG (VOW3) will pay about $ 15 billion on diesel lawsuits in the United States

Market news

28 June 2016

Company News: Volkswagen AG (VOW3) will pay about $ 15 billion on diesel lawsuits in the United States

As reported by Bloomberg, Volkswagen's expenses for the settlement of "diesel scandal" in the US will reach $ 15 billion, -. $ 5 billion more than previously reported.

Under the deal, VW will spend about $ 10.03 billion, as well as compensation to each buyer of the car in the amount of $ 10K. This amount may increase.

Another $ 2.7 billion fines should be directed to the US Environmental Protection Agency and the California Air Resources Board. In addition, the company will invest $ 2 billion in emission control technology.

Shares VOW3 rose to 109.35 Euro (+ 3.06%).


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