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The Persuader

My personal blog, started in 2006. No paid posts.



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05.01.2016

It’s all going fines at Volkswagen

Volkswagen Golf VIIGeneral Motors’ fine in 1995 for 470,000 cars using defeat devices against EPA testing: US$11 million. Volkswagen’s fine in 2016 for 580,000 cars using defeat devices against EPA testing: potentially US$40,000 million (or $40 billion, as the Americans say). The local companies get off far easier in the US. In fact, GM can even get a US$49,500 million bail-out from Uncle Sam. I realize there’s a difference between a settlement and a claim, but I wonder if Volkswagen’s going get away with paying less than a figure in the milliards.

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Filed under: general—Jack Yan @ 09.33

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