
Part of the settlement required VW to establish and fund an Environmental Mitigation Trust. Over the next 10 years, the trust will fund environmental mitigation projects that specifically reduce emissions of NOx.
Part of the settlement required VW to establish and fund an Environmental Mitigation Trust. Over the next 10 years, the trust will fund environmental mitigation projects that specifically reduce emissions of NOx.
Federal and California environmental regulators have given final approval to Volkswagen's plan to fix or buy back about half of the diesel cars involved in its emissions scandal, which includes an additional $153 million payment to that state.
A federal judge has signed off on Volkswagen's settlement with regulators to resolve civil claims over diesel vehicles powered by its 3.0L V-6 TDI engine, the company has announced.
A federal judge has ordered Volkswagen to pay a $2.8 billion criminal penalty on April 21 under a deal negotiated with the U.S. government to resolve its diesel emission scandal.
Volkswagen released its plan for national and California-specific zero-emission vehicle (ZEV) investments, as part of its diesel emissions settlement.
Volkswagen has bought back or repaired more than half of the 475,000 vehicles with 2.0-liter diesel engines that failed to meet emissions standards as part of a federal settlement about six months after it began the program.
Volkswagen has agreed to pay $157.4 million to settle claims by 10 states to resolve environmental and consumer claims around its violations of diesel emissions regulations.
Volkswagen will spend billions of dollars through its diesel settlement, including buybacks, repairs, and two potential sources of funding that government fleets should be aware of.
T. Boone Pickens is urging the State of Oklahoma to distribute its portion of the Volkswagen emissions settlement funds to private sector fleets instead of using it entirely on the state fleet.
Volkswagen has agreed to pay $1.2 billion to buyers of vehicles powered by its 3.0L V-6 diesel engine that violated emissions regulations in a settlement that must receive a blessing from the U.S. Federal Trade Commission and a federal judge.
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