VW to pour $200 million more into an anti-pollution fund
Its existing payouts didn't cover all the bases.
Believe it or not, Volkswagen still isn't done paying for its diesel emissions scandal. Reuters understands that the car maker has agreed to pay over $200 million extra into a US Environmental Protection Agency fund devoted to reducing pollution created by VW's diesel emissions cheating. The company had already agreed to spend $2.7 billion over three years, but the extra money will cover the 80,000 3-liter diesels that violated emissions limits -- previously, it was only accounting for 2-liter vehicles. Barring surprises, the deal could be made official as soon as the 19th.
It's not certain what will happen to the cars themselves, although a judge has given a December 19th deadline. VW may end up buying back 20,000 of the 3-liter cars and fixing the emissions of the remaining 60,000.
These vehicles (which include Audi and Porsche models) don't violate American emissions laws quite so egregiously as the 2-liter models. They "only" exceed the limits by up to nine times versus 40 times on the 2-liter machines. However, it's clear that regulators want to account for every instance of emissions abuse, not just the most obvious examples.