What did Volkswagen do after the scandal?
Volkswagen announced plans in April 2016 to spend €16. US$18. April 2016 exchange rates) in relation to the scandal, and agreed in June 2016 to pay up to $14. United States. Volkswagen announced plans in April 2016 to spend €16. US$18. April 2016 exchange rates) in relation to the scandal, and agreed in June 2016 to pay up to $14. United States.How Much Are Volkswagen Owners Receiving in Compensation? Volkswagen are covering all legal fees separately to the compensation payout. In addition to this, each of the 91,000 claimants look set to receive average payments of over £2,100.In 2020, the High Court ruled that Volkswagen had used defeat devices in breach of European Union rules to pass emissions tests. Volkswagen settled a class action out of court, paying £193m to 91,000 British motorists.
How much money did Volkswagen lose from the scandal?
FRANKFURT (Reuters) – Volkswagen said its diesel cheating scandal has cost it 31. German carmaker expects cash outflows to continue until 2021, adding that these have already been provisioned for. The scandal led to a quarterly loss for the first time in 15 years, illustrating the magnitude of the issue. The U. S. VW to settle fines and damages for 580,000 affected vehicles.The volkswagen emissions scandal had a major impact on the company’s reputation, both among customers and investors. The revelation that the company had been using software to cheat on emissions tests was a major blow to its reputation for honesty and integrity.