8 years ago
Emission cheating costs VW $18 billion
Volkswagen's huge emission cheating scandal has already cost the carmaker about 16 billion euros. It's also costing its executives a big chunk of their pay. The company released its full year earnings on Friday, reporting a net loss of 5.5 billion euros ($6.2 billion) in 2015. Volkswagen Group (VLKAF) said it has now set aside 16.2 billion euros ($18.2 billion) to deal with the cost of the scandal. That's more than double what it originally anticipated.
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