Volkswagen to Pay $15 Billion in Largest Settlement Agreement in U.S. Automotive History
On Tuesday, 6/28 Volkswagen announced that it had reached a settlement agreement with the U.S. Justice Department worth more than $15 billion. The agreement, which is the largest settlement in U.S. automotive history, will settle claims that Volkswagen knowingly mislead consumers about the fuel efficiency of its TDI “clean diesel” vehicles for years. A majority…