Volkswagon faces $48 billion in fines in US

‘Germany’s leading automaker Volkswagen – that has hit a controversy over an emission control mechanism scandal for four months now – could face up to $48 billion for allegedly violating environmental laws by the US Justice Department.

Reuters reported that the US Justice Department has accordingly filed a lawsuit to the same effect against Volkswagen.

The news agency said such US lawsuits are typically settled at a fraction of the theoretical maximum penalty. Nevertheless, it quoted analysts as saying that the size of the claim meant that the company could face a larger bill than previously anticipated.’

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