Volkswagen will pay up to $15 billion to settle claims that it cheated on diesel emissions tests. Volkswagen publicly admitted last September that 11 million of its cars worldwide were fitted with software that distorted air-quality tests. The German automaker will offer to repair or buy back the affected cars and pay 5,100 to 10,000 in cash compensation to each owner. We look at the fallout from Volkswagen’s emissions scandal on the Lip News with Joya Mia Italiano, Elliot Hill and Nik Zecevic.
http://www.nytimes.com/2016/06/28/business/volkswagen-settlement-diesel-scandal.html
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