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VW settles Dieselgate lawsuit before trial

Followers

February 27, 20188 yr

Volkswagen AG last week reached an agreement with more than 300 diesel car owners just days before what was expected to be a high-profile trial over the automaker's excessive diesel emissions. Reuters reported that Volkswagen reached a settlement Friday with David Doar, a North Carolina man, and roughly 300 other owners who joined his lawsuit...

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Frosty

All Stars

12.1k posts
33 Solutions
14 Badges
11.8k Reputation

Location: Davison, Michigan
Name: Da Snowman
Gender: Male
Year: 1972
Car: Lemans
Trim: Sport
Engine: 455
Style: Convertible
Color: Lucerne Blue w/ White

4 Vehicles

February 27, 20188 yr

VW has already spent/lost $30 billion (with a "B") on "Dieselgate" and I suspect they aren't done yet spending money. I wonder what this will do to their worldwide reputation - long term.

Clearly the shareholders must already be pissed and there seems to be no end in sight.