VW Slapped With ANOTHER $2.8 Billion Fine - DieselGate Total Climbs To Around $30 Billion

A federal judge in Detroit Friday signed off on what could be one of the last big developments in the Volkswagen diesel emissions scandal, ordering the German maker to pay a $2.8 billion criminal penalty negotiated as part of a settlement with the U.S. Justice Department last January.

The ruling now brings to around $30 billion the costs VW will incur after being caught rigging two of its diesel engines to pass U.S. emissions tests — a figure that includes the price of buying back almost 500,000 vehicles sold in the country. Meanwhile, seven current and former Volkswagen employees have been charged with crimes connected to the scandal, while an investigation continues in Germany.

PUGPROUD - 4/21/2017 6:51:38 PM

+2 Boost

From the start I've pegged VW's pain at $50-$60 billion and have no reason to change my estimate. These types of issues go on for years and unforeseen liabilities keep popping up, especially in today's world so tied together electronically.

templar19d - 4/21/2017 9:57:40 PM

0 Boost

I'd simply leave the U.S. market rather than endure ECO-tyranny. Let folks see what whats when you have a command socialist economy. AKA Venezuela.

MDarringer - 4/22/2017 10:24:21 AM

-1 Boost

Thankfully, Trump is the antidote.

MrEE - 4/23/2017 9:40:39 AM

+1 Boost

GM gets off easy for cover-up of vehicle that kills outright. VW on the other-hand pays big time.