Scandal emissions costs 15 billion to Volkswagen in the US – Magazine Saturday

Scandal emissions costs 15 billion to Volkswagen in the US

The German construction company reached an agreement with the US authorities because of the process that is targeted in the country . Owners of affected vehicles receive value of the car and up to $ 10,000.

10:43 • Business

Nuno Carregueiro – Business Journal

the bill emissions-fixing scandal of Volkswagen in the United States already have a value. The German manufacturer has reached agreement with the US authorities, agreeing to pay 15 billion dollars.
According to international news agencies, the agreement will enter Tuesday the Court of St. Francisco, in the United States, and exceeds by 5 billion dollars the amount that was being reported.
to compensate owners of the vehicles and buy back the cars affected Volkswagen will spend 10,030 million dollars. In addition to seeing the Volkswagen pay the market price for their cars, automobile owners receive up to $ 10,000 each for the damage that this case has caused them.
Volkswagen will pay even about 2, 7 billion dollars in fines in the United States, which will be directed towards environmental protection institutions. And invest 2 billion dollars in technology to limit pollutant emissions.
In Volkswagen’s accounts the company only accounted for 16.2 billion dollars to cover the legal costs caused by this scandal emissions . But the bill will be much higher, as the company faces other lawsuits in the United States, Europe and other regions. Analysts pointed to a bill that could reach 55 billion dollars.
Consumers in the United States who wish to participate in this agreement between Volkswagen and the US authorities have to deliver the car or accept they are transformed to meet emissions targets.
This agreement is one of the largest ever in US history, still being far from the record. In 1998 the tobacco industry agreed to pay 246 billion dollars. BP also agreed to pay more than 25 billion dollars for oil spill in US coast.

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