Volkswagen Closes In on $4.3 Billion US Settlement in Diesel Scandal (bloomberg.com)

Volkswagen said it's closing in on a deal with U.S. authorities on a $4.3 billion settlement to resolve civil and criminal allegations stemming from its emissions-cheating scandal. From a report on Bloomberg: The agreement, which has yet to be finalized, would lead to a financial expense that exceeds current provisions, the German automaker said. It also includes a guilty plea to some criminal charges, strengthening compliance systems and installing an independent monitor for three years, the Wolfsburg, Germany-based automaker said Tuesday in a statement. VW's management and supervisory boards are scheduled to review the settlement today or Wednesday and may raise provisions related to the scandal, which currently total 18.2 billion euros ($19.2 billion). A final agreement also needs to be approved by U.S. courts. The U.S. Justice Department declined to comment on Volkswagen's statement.

Comments

Re:double standards

[plague911]

Actually the EU already is after their blood money from VW.

http://www.marketwatch.com/story/vw-faces-eu-push-for-fines-in-20-member-states-2016-09-05

As such I doubt that anyone would consider this an unfair targeting of VW.