“Volkswagen agrees to billion-dollar settlement in Canada“
Frankfurter Allgemeine Zeitung
Volkswagen, Germany’s largest car manufacturer, has agreed to a settlement of more than 2.1 billion Canadian dollars (1.5 billion euros) for manipulating emission tests, Frankfurter Allgemeine Zeitung (FAZ) reports. Together with its subsidiary Audi, VW agreed to repurchase 105,000 cars from Canadian customers and pay compensation, according to FAZ. Additionally, VW and Audi will be fined 15 million Canadian dollars. In the USA, VW awaits judgement in a similar lawsuit, although financial stakes are considerably higher.
Read the article in German here.
For more information on the emissions manipulation scandal’s consequences for VW, see the CLEW factsheet Dieselgate forces VW to embrace green mobility.
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