VW Fined Billions of Dollars for What Looks Like the Last Time
Today, a U.S. judge ordered the automaker to observe three years of probationÂ and shell out a $2.8 billion criminal fine. TheÂ sum, which Steph Willems has informed me equates toÂ 135,168 VW Golfs â€”Â after delivery and rounding up to the closest carÂ â€” is in addition to the company’s $1.5 billion in civil penalties,Â $4.7 billion in mandatory anti-pollution initiatives, and $11.2 billion diesel buyback program.Â
U.S. District Judge Sean Cox, who is apparently as ready for this to be over as we are, said during the Friday morning hearing that there would be no restitution to alleged victims tied to the criminal case, as it would complicate and delay sentencing. With fines already levied against the automaker and executives facing independent criminal charges, Cox stated that he believed the 2.8 billion dollar penalty and extended probationary period would be sufficient punishment.
However, he admitted to being upset over customers and employees harmed by the company’s actions, as well as theÂ â€œdeliberate destruction of evidence by VW management … with the participation and under supervision by [its] legal counsel.â€
â€œThis is a very serious and troubling case involving an iconic automobile company,â€ Cox toldÂ The Detroit News. â€œI just canâ€™t believe that VW is in this situation that it finds itself in today.â€
via The Truth About Cars http://ift.tt/Jh8LjA
April 21, 2017 at 07:42AM