Volkswagen Loses Ankle Braclet No Longer Needs Federal Oversight

Volkswagen Group appears to have completed the terms laid out by the U.S. Department of Justice after it decided the automaker required some oversight in the wake of the 2015 emissions fiasco (colloquially known as Dieselgate). VW was found guilty of equipping certain models with emissions-cheating software that would allow the car to run cleaner under testing conditions (passing regulations) and dirtier, with better performance, the rest of the time.

The con was brilliant and allowed VW to fool regulators for years until it all blew up in its face. Getting caught in the United States kicked off a chain reaction that cost the automaker a fortune globally. In May, VW estimated it had spent €31.3 billion ($34.40 billion USD) in fines and settlements and fines globally — adding that it expects to bleed another €4.1 billion through 2021. But the company was certainly happy to announce on Monday that it had adhered to settlement deal it reached with the Department of Justice and California’s Attorney General.

Read Article

MDarringer - 7/8/2020 11:31:59 AM

0 Boost

"Now ve can go back to ze cheating mit lying. Zis is ze gut day."

trboaccord - 7/9/2020 9:49:14 AM

+1 Boost

The biggest cash grab is automotive history! Every manufacture who sold a Diesel in the U.S was doing the exact same thing and only Chrysler got in trouble if you even want to call it that since they only had to pay about $800 million which is a tiny fraction of VW's $30+Billion... The fact that trucks are allowed to spew emissions still only proves it was all a big scam to try to end VW and get billions in return.