VW Settles Diesel Cheating Claims
The deal is expected to cost the automaker almost $15 billion.
Volkswagen has agreed to settle claims that it rigged diesel vehicles with two-liter engines to cheat on government emissions tests. Under the terms of the agreement, VW pledged to buy back most of the vehicles sold, and pay individual owners up to $10,000 each in additional compensation. But analyst Paul Eisenstein, owner and publisher of the web site The Detroit Bureau, tells WDET’s Pat Batcheller the company’s legal problems are not over.
“First of all, there are some individual lawsuits that didn’t go through the settlement process,” Eisenstein says. “That could be hundreds of millions, even a billion dollars or more,” he adds.
Eisenstein also says some VW executives could face criminal charges.
Click on the audio player to hear the conversation.
