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Volkswagen agrees to spend up to C$2.1 billion over Canadian emissions

Published 2016-12-19, 12:55 p/m
© Reuters. Volkswagen agrees to spend up to C$2.1 billion over Canadian emissions
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WASHINGTON, Dec 19 (Reuters) - Volkswagen (DE:VOWG_p) AG has agreed to spend up to $2.1 billion Canadian dollars to buy back or fix 105,000 polluting diesels and compensate owners, the company said Monday.

In June, Volkswagen agreed to a similar deal with U.S. owners, agreeing to spend up to $10.03 billion to buy back or fix 475,000 U.S. vehicles. In total, the company has now agreed to spend to date more than $18 billion to address diesel emissions issues in North America -- and still faces more costs to address larger vehicles and U.S. fines.

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