VW could pay to USA $90 Billion as a penalty

By, 2016-01-05

VolkesWagen is facing a penalty that might exceed $90 Billion ($90,000,000,000) as the USA government sues for environment violation. The United Stated of America Justice Department on Monday 04th January, 2016 filed a civil lawsuit against Volkswagen for cheating and violating the Clean Air Act agreement by installing illegal devices to impair emission control systems in hundred of thousands of vehicles imported to the United States of America.

The allegations against the giant car factory Volkswagen, along with its Audi and Porsche units, carry penalties that could cost the automaker billions of dollars, a senior Justice Department official said. VW could face fines in theory exceeding $90 billion – or as much as $37,500 per vehicle per violation of the law, based on the complaint.

VW could face fines in theory exceeding $90 billion – or as much as $37,500 per vehicle per violation of the law, based on the complaint.

last September, analysists predicted that the penalty would roughly be $ $18 billion. If the USA will wiln the case, will this be the end of VW??