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Report: VW Nearing $3 Billion Criminal Agreement

Volkswagen may soon finalize an agreement with the US Justice Department to resolve civil and criminal investigations held in the wake of dieselgate.

The settlement, according to unnamed sources who spoke to Reuters, could include a penalty of more than $3 billion and reforms mandated by an outside organization.

The agreement comes after concerted efforts from both Volkswagen and the US Justice Department who reportedly want to resolve the case before the Trump administration takes over.

According to Reuters, though the agreement is not final, its announcement could come next week.

This $3 billion is on top of the nearly $15 billion that VW already agreed to pay to compensate 2.0-liter TDI owners.

An agreement in this criminal case would be a milestone for VW, which seems to finally be regaining US trust. For the last two months, the automaker finally saw growing sales numbers and with new products coming out (Atlas, Tiguan LWB, updated Golf) this could be VW’s chance to put the TDI scandal behind it.

The post Report: VW Nearing $3 Billion Criminal Agreement appeared first on VWVortex.



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