Volkswagen last year reached one of the largest ever consumer settlements in which it said it would offer buybacks or retrofits to owners of around 500,000 vehicles affected in the emissions-cheating scandal. Volkswagen (VW) has claimed that it expects to receive a €2.5bn ($2.9bn) charge as a result of the fact that the firm’s plans to repurchase and retrofit cars affected by its emissions scandal have proved harder than anticipated. The German carmaker said on Tuesday that it would pay back some owners who had bought diesel vehicles with software designed to cheat emissions tests. Total damages for the firm resulting from the scandal are now over €25bn.
Volkswagen (VW) has claimed that it expects to receive a €2.5bn ($2.9bn) charge as a result of the fact that the firm’s plans to repurchase and retrofit cars affected by its emissions scandal have proved harder than anticipated. The German carmaker said on Tuesday that it would pay back some owners who had bought diesel vehicles with software designed to cheat emissions tests. Total damages for the firm resulting from the scandal are now over €25bn.