Volkswagen faces $90 billion US Justice Department emissions lawsuit

The US Justice Department has sued Volkswagen (VW) for up to $90 billion (€84bn) for allegedly violating environmental laws.

Although such US lawsuits are typically settled at a fraction of the theoretical maximum penalty, analysts said the size of the claim meant VW could face a much larger bill than previously anticipated.

“The announcement serves as a reminder/reality check of VW’s still unresolved emissions issues,” Goldman Sachs analysts wrote in a note, maintaining their ‘sell’ recommendation on the stock.