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Volkswagen faces billions in penalties as US sues for environment violations

2016-01-05 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: The U.S. Justice Department has sued Volkswagen for up to $48 billion for allegedly violating environmental laws - a reminder of the carmaker's problems nearly four months after its emissions scandal broke. Although such U.S. lawsuits are typically settled at a fraction of the theoretical maximum penalty, analysts said the size of the claim meant Volkswagen (VW) could face a larger bill than previously anticipated. "The announcement serves as a reminder/reality check of VW's still unresolved...

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