Volkswagen in $10bn deal over emissions crisis

Volkswagen agreed to fix or buy back about 500,000 tainted cars in the US, taking a significant step forward in its effort to emerge from the emissions-cheating scandal.

Volkswagen in $10bn deal over emissions crisis

The German car maker’s shares rose 2% late yesterday, marking a 15% gain for the battered stock since the start of the month.

Following months of acrimonious wrangling with US authorities, Volkswagen was commended at a hearing in San Francisco for its co-operation and given until June 21 to fine tune the agreement.

Already a subscriber? Sign in

You have reached your article limit.

Unlimited access. Half the price.

Annual €120 €60

Best value

Monthly €10€5 / month

More in this section

The Business Hub

Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited