Volkswagen agrees $603 million settlement with US states

Volkswagen has agreed a $603 million settlement with dozens of U.S. states to resolve state consumer protection claims over the German carmaker's diesel emissions scandal, it said on Tuesday.

By: | Updated: June 28, 2016 8:21 PM
Volkswagen in a statement said it had agreed with the attorneys general of 44 U.S. states, the District of Columbia and Puerto Rico. (Reuters) Volkswagen in a statement said it had agreed with the attorneys general of 44 US states, the District of Columbia and Puerto Rico. (Reuters)

Volkswagen has agreed a $603 million settlement with dozens of US states to resolve state consumer protection claims over the German carmaker's diesel emissions scandal, it said on Tuesday.

Volkswagen in a statement said it had agreed with the attorneys general of 44 US states, the District of Columbia and Puerto Rico.

Also Read: Volkswagen reaches $14.7B emissions settlement

"Today's announcement is within the scope of our provisions and other financial liabilities that we have already disclosed, and we are in a position to manage the consequences," Volkswagen's Chief Financial Officer Frank Witter said.

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