Today, in Germany, Volkswagen held its annual news conference. Among the items that CEO Matthias Mueller discussed was an allocation of roughly $8.8 billion, which will pay for repairs and buybacks of diesel vehicles affected by the Dieselgate emissions-cheating scandal. The sum is part of Volkswagen's 16.2 billion euro ($18.4 billion) write-off... Volkswagen sets aside nearly $9 billion for diesel buybacks & fixes
April 28, 2016 at 10:42 AM EDT
Today, in Germany, Volkswagen held its annual news conference. Among the items that CEO Matthias Mueller discussed was an allocation of roughly $8.8 billion, which will pay for repairs and buybacks of diesel vehicles affected by the Dieselgate emissions-cheating scandal. The sum is part of Volkswagen's 16.2 billion euro ($18.4 billion) write-off...
Today, in Germany, Volkswagen held its annual news conference. Among the items that CEO Matthias Mueller discussed was an allocation of roughly $8.8 billion, which will pay for repairs and buybacks of diesel vehicles affected by the Dieselgate emissions-cheating scandal. The sum is part of Volkswagen's 16.2 billion euro ($18.4 billion) write-off... 