Dirty Diesel Done Dirt Cheap? VW Settles “Clean Diesel” Scandal
Volkswagen recently employed a quick settlement strategy to deal with the fallout from its admission, in September 2015, that it had installed software to cheat on emissions tests on 11 million diesel powered Volkswagen and Audi vehicles. On October 15, 2015, a recall of approximately 8.5 million vehicles in Europe was announced.[1] By December 2016, Volkswagen had reached interconnected settlements with regulators and class action plaintiffs in the US and Canada. Volkswagen’s strategy was obviously designed to put as much distance between itself and the emissions scandal, as quickly as possible, in order to begin repairing the damage to its ... [more]
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