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Volkswagen To Pay $14.7bn Settlement And Buy Back Cars From Consumers

by The Daily Eye Team June 30 2016, 10:04 am Estimated Reading Time: 0 mins, 27 secs

Volkswagen has agreed to pay $14.7bn to settle claims generated by its emissions rigging scandal and to buy back cars from consumers at pre-scandal prices, the Department of Justice announced on Tuesday.
Volkswagen’s wrongdoing constituted “the most flagrant violations of our consumer and environmental laws in our country’s history”, deputy US attorney general Sally Yates said announcing the agreement. “We cannot undo the damage that’s been done to our air quality, but we can offset that damage.”.

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