Tuesday, August 16, 2016

Volkswagen, U.S. Justice Dept Discuss Settling Criminal Probe

Volkswagen already agreed to pay $15.3 billion over its emissions scandal.

Volkswagen car dealership (Credit: Suzanne Plunkett / Reuters) Click to Enlarge.
Volkswagen AG and the U.S. Justice Department have held preliminary settlement talks about resolving a criminal probe into the automaker’s diesel emissions scandal, two sources briefed on the matter said.

Reuters reported in June that a criminal settlement could include a consent decree, an independent monitor overseeing the German automaker’s conduct and significant yet-to-be determined fines for emissions violations.
Under the Justice Department deal, VW will spend $2 billion over 10 years to fund programs directed by California and EPA to promote construction of infrastructure to charge electric vehicles, development of zero-emission ride-sharing fleets and other efforts to boost sales of cars that do not burn petroleum.

VW also agreed to put up $2.7 billion over three years to enable government and tribal agencies to replace old buses or to fund infrastructure to reduce diesel emissions.

Read more at Volkswagen, U.S. Justice Dept Discuss Settling Criminal Probe

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