Wall Street Breakfast: VW Agrees To Largest Auto Settlement In U.S. History
6:58 am, Tue, Jun. 28, 2016, by Wall Street Breakfast
Volkswagen's price tag to settle lawsuits in the U.S. over its rigging of diesel emissions tests has jumped to more than $15B - $5B more than previously reported - with a settlement expected to be filed in a San Francisco court today. According to several sources, VW's (OTCPK:VLKAY) deal includes $10B for buybacks of 475K polluting vehicles and nearly $5B for fines and funds to boost clean-emissions technology.