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June 28, 2016

Posted  July 18, 2016

German auto-maker Volkswagen AG agreed to spend up to $14.7 billion in two related settlements to settle charges of cheating emissions tests and deceiving customers.  One settlement is with the United States and the State of California and the other is with the Federal Trade Commission.  The affected vehicles include 2009 through 2015 Volkswagen TDI diesel models of Jettas, Passats, Golfs and Beetles as well as the TDI Audi A3.  According to the government, Volkswagen used so-called “defeat devices” to cheat emissions tests and used deceptive and unfair advertising in the sale of its so-called “clean diesel” vehicles.  Whistleblower Insider