Difference between revisions of "Dieselgate"
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(Then-California Attorney General Kamala Harris announced how the liberal state milked the large automaker) |
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The scandal began with reports in September 2015, and through March 2021 had cause the manufacturer an estimated €32.2 billion (roughly $37 billion) in fines, recalls, compensation and legal expenses.<ref>https://fortune.com/2021/07/23/dieselgate-lawsuit-volkswagen-warren-buffett-berkshire-hathaway-diesel-emissions/</ref> | The scandal began with reports in September 2015, and through March 2021 had cause the manufacturer an estimated €32.2 billion (roughly $37 billion) in fines, recalls, compensation and legal expenses.<ref>https://fortune.com/2021/07/23/dieselgate-lawsuit-volkswagen-warren-buffett-berkshire-hathaway-diesel-emissions/</ref> | ||
| − | Volkswagen car market share in the [[United States]] is approximately 5%. | + | Then-[[California]] Attorney General [[Kamala Harris]] announced how the [[liberal]] state milked the large automaker: |
| + | {{cquote|As part of that $14.7 billion agreement, Volkswagen agreed to spend an estimated $10 billion to compensate consumers and buy back or modify hundreds of thousands of its polluting cars, pay $2.7 billion into a trust fund for environmental mitigation projects, and spend $2 billion over 10 years on zero-emission technology. Of the $4.7 billion in mitigation funding and investments, $1.18 billion will come to California ($800 million in zero-emissions technology investments and $380 million for environmental mitigation projects in the state).<ref>https://oag.ca.gov/news/press-releases/attorney-general-kamala-d-harris-announces-volkswagen-will-pay-additional-86</ref>}} | ||
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| + | Volkswagen's car market share in the [[United States]] is approximately 5%. | ||
== References == | == References == | ||
{{reflist}} | {{reflist}} | ||
[[category:cars]] | [[category:cars]] | ||
Revision as of 00:51, July 28, 2021
Dieselgate is a series of accusations, criminal charges, and civil lawsuits against the German company Volkswagen for supposedly cheating on emissions tests by programming its diesel cars to perform differently while tested. This 5-year saga has pushed the once-richest company in the world to shift to electric vehicles.[1]
The scandal began with reports in September 2015, and through March 2021 had cause the manufacturer an estimated €32.2 billion (roughly $37 billion) in fines, recalls, compensation and legal expenses.[2]
Then-California Attorney General Kamala Harris announced how the liberal state milked the large automaker:
| “ | As part of that $14.7 billion agreement, Volkswagen agreed to spend an estimated $10 billion to compensate consumers and buy back or modify hundreds of thousands of its polluting cars, pay $2.7 billion into a trust fund for environmental mitigation projects, and spend $2 billion over 10 years on zero-emission technology. Of the $4.7 billion in mitigation funding and investments, $1.18 billion will come to California ($800 million in zero-emissions technology investments and $380 million for environmental mitigation projects in the state).[3] | ” |
Volkswagen's car market share in the United States is approximately 5%.