Volkswagen has been given 120 days to develop initial plans on how the Company will spend $2 billion dollars to promote development and adaptation of zero emission vehicles now that a settlement has been approved by a Federal Judge according to U.S. EPA Regulators. The commitment on behalf of the Company is part of the settlement among Volkswagen consumers and regulators to address hundreds of thousands of diesel engine vehicles and diesel-engines that were equipped with illegal emission cheating technology. Next month, Volkswagen will begin buying back diesel cars equipped with illegal emission-cheating technology following final appeal of a $14.7 billion dollar settlement.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
