Diesel Fix Costs Continue to Rise for Volkswagen

  • Volkswagen announced that the company will incur another $2.94 billion of expenses in fixing cars effected in the emission scandal
  • The increase in costs come due to hardware repairs “proving to be far more technically complex and time consuming”
  • The additional $2.94 billion of costs bring the total cost of the emission scandal to $30 billion
  • Volkswagen has agreed to fix or replace 85% of the vehicles affected by the scandal by June 2019