Volkswagen is agreeing to provide up to $10 billion to owners and lessees of VW and Audi 2.0 liter diesel cars that it claimed had low levels of harmful emissions, but did not, this comes under a partial settlement filed by the FTC. It’s the largest false advertising case in FTC history. Nearly 500,000 cars are affected.
Under a related partial settlement with the US Department of Justice and California Attorney General, Volkswagen will spend an additional $4.7 billion to mitigate pollution and make investments that support increased use of zero-emissions vehicles. This partially resolves allegations by the US Environmental Protection Agency (EPA) and the California Air Resources Board (CARB) that Volkswagen violated the Clean Air Act and the California Health and Safety Code. […Read More]