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VW's Dieselgate bill hits $30 bn after another charge

Volkswagen is struggling to put the two-year-old "Dieselgate" scandal behind it, and working to transform itself to mass-market electric cars

Reuters  |  Hamburg/Berlin 

Volkswagen is taking another $3 billion charge to fix diesel engines in the United States, lifting the total bill for its emissions-test cheating scandal to around $30 billion. The German group is struggling to put the two-year-old “Dieselgate” scandal behind it, and working to transform itself into a maker of mass-market electric cars. On Thursday, Munich prosecutors said they had arrested a former Porsche management board member, the first top executive within the group to be detained amid a widening probe into cheating at Volkswagen’s Audi ...

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First Published: Sat, September 30 2017. 01:56 IST
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