Volkswagen may face enormous diesel liability, US appeals court rules
A US appeals court ruled Monday Volkswagen AG may face enormous additional liability in the Dieselgate scandal.
A US appeals court ruled Monday Volkswagen AG may face "enormous" additional liability in the "Dieselgate" scandal finding that two counties can enforce regulations against the German automaker for tampering with post-sale vehicles.
The court said it recognized the ruling "may result in the imposition of unexpected (and enormous) liability on Volkswagen."
See Zee Business Live TV streaming below:
Volkswagen admitted to using illegal software to cheat U.S. pollution tests in 2015, triggering a global backlash against diesel vehicles that has so far cost it 30 billion euros (26.7 billion pounds) in fines, penalties and buyback costs.
VW did not immediately comment.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.