Volkswagen Agrees to Pay Another $154 Million in Emissions Scandal Settlement
The company has already paid $533 million to the State of California.
German carmaker Volkswagen (VLKAY) is going to pay another $154 million in a settlement related to its emissions cheating scandal.
On Thursday the California Air Resources Board said it reached an agreement for Volkswagen to pay the additional sum for air quality violations and pay the cost of the investigation, the Financial Times reports.
The company formally pled guilty earlier this year to charges that it cheated on emissions tests on more than half a million cars in the U.S. The company has already paid $533 million to the State of California.
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