The House Energy and Commerce Committee’s panel on investigations will hold a hearing Thursday, while Democrats on the House Government and Oversight Committee want a hearing in that committee as well. American customers who purchased various Volkswagen TDI diesel vehicles took advantage of about $50m in Federal income-tax credits in 2009, for their (supposedly) green car, and ﻿now they are being asked to pay back the money that was given them by Uncle Sam. With Michael Horn, CEO of VW Group of America, testifying to Congress this week, those credits, and whether the Federal government should be reimbursed for them, and by whom, will be receiving a lot of attention. As noted by The Detroit News, the Finance Committee of the US Senate panel said on Tuesday it would open an investigation into VW's use of the credits, which expired at the end of 2009.
American customers who purchased various Volkswagen TDI diesel vehicles took advantage of about $50m in Federal income-tax credits in 2009, for their (supposedly) green car, and ﻿now they are being asked to pay back the money that was given them by Uncle Sam. With Michael Horn, CEO of VW Group of America, testifying to Congress this week, those credits, and whether the Federal government should be reimbursed for them, and by whom, will be receiving a lot of attention. As noted by The Detroit News, the Finance Committee of the US Senate panel said on Tuesday it would open an investigation into VW's use of the credits, which expired at the end of 2009.