VW faces billions in fines as U.S. sues for environmental violations
▻http://www.reuters.com/article/us-volkswagen-usa-idUSKBN0UI1QP20160105
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.
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The lawsuit had been expected, and analysts believe any fine will be far below the theoretical maximum. Although U.S. authorities sued Toyota for up to $58 billion for environmental violations around the turn of the century, they agreed a settlement that cost the Japanese carmaker about $34 million.