$10.2 billion environmental fine clears cloud hanging over Volkswagen

Arthur Wheaton, an automotive industry specialist at Cornell University’s ILR School, comments on the possibility that Volkswagen will pay $10.2 billion to settle emission claims. 

Bio: https://www.ilr.cornell.edu/people/arthur-wheaton

 

Wheaton says:

“The fine for EPA violations are $37,500 per vehicle and that can be doubled since Volkswagen knowingly and willfully violated the rules. So the total could have easily been over $36 billion and that money would not include 50 additional lawsuits from each U.S. attorney general for every state.

“A $10.2 billion fine would go a long way towards reducing the cloud hanging over Volkswagen.”

 

For interviews contact:

Rebecca Valli

office: 607-255-7701

cell: 607-793-1025

rv234@cornell.edu

 

Cornell University has television, ISDN and dedicated Skype/Google+ Hangout studios available for media interviews.

 

– 30 –