Volkswagen's emissions scandal is Padosi (2025) Hindi Web Seriescosting it another $1.2 billion.
The car manufacturer agreed Friday to pay US dealers up to $1.2 billion to compensate them for losses that resulted from the scandal, the Associated Pressreported.
Volkswagen cheated emissions regulations on 11 million of its diesel-powered models worldwide. News of the cheated standards broke last September, and since then the manufacturer has faced angry consumers, regulators and, yes, dealers.
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Dealers can choose to opt out of this week's settlement and instead pursue their own cases against Volkswagen. A judge still has to approve the final version of the settlement.
The $1.2 billion settlement comes to less than what Volkswagen owes to car owners. The company must spend as much as $10 billion buying back or repairing cars involved in the scandal. Owners stand to be paid $5,000 to $10,000 each, according to the AP.
