The US government doesn’t want to put VW out of business
|09/27/2016||Posted by BusinessMediaguide.Com under General World News||
As a result of cheating on emission tests with half a million vehicles in the US, Volkswagen is set to pay the largest fine in the history of car business: $16.5 billion.
Of course, VW is a very big company, selling millions of vehicles worldwide, so it can take the punishment. But that doesn’t mean it isn’t going to hurt.
It’s not clear what penalty range the U.S. is considering in the criminal case against Volkswagen. The company had net liquidity of 28.8 billion euros ($32.4 billion) as of June 30, and read more >>>