The Volkswagen settlement

Identifying, influencing, and securing funds

Volkswagen is near to finalizing the last of three settlements, amounting to $21.8 billion in penalties, which resulted from the German automaker’s use of “defeat devices” in their 2.0L and 3.0L diesel vehicles. While the majority of these funds will address civil claims, $2.7 billion will be directed to the Environmental Mitigation Trust, which will fund state-level clean transportation grant programs. These funds present the greatest opportunity for fleets and equipment

Register to view the full article

Register on Fleet Owner and gain access to premium content including article commenting, emailing and printing.

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish