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Volkswagen has agreed to pay its U.S. dealers up to $1.2 billion to compensate them for losses suffered as a result of the company's emissions cheating scandal, according to a settlement agreement filed Friday in federal court in San Francisco.
The dealers are expected to receive about $1.85 million each, but they can choose to opt out of the deal and pursue their own lawsuits against Volkswagen. A judge still has to approve the settlement before it can go into effect.
Read more http://www.latimes.com/business/la-fi-volkswagen-settlement-20161001-snap-story.html
The dealers are expected to receive about $1.85 million each, but they can choose to opt out of the deal and pursue their own lawsuits against Volkswagen. A judge still has to approve the settlement before it can go into effect.
Read more http://www.latimes.com/business/la-fi-volkswagen-settlement-20161001-snap-story.html
