Volkswagen's 2015 emissions scandal is unprecedentedly costly. The EPA recently slapped the automaker with a $37,000 fine per vehicle. Such a fine affects roughly 482,000 cars on American roads, amounting to $18B. The next highest fine ever sanctioned by the EPA was $1.2B to Toyota. Although top lawyers expect Volkswagen's fine to be reduced, the scope of the Volkswagen scandal is truly unprecedented.
Volkswagen's 2015 emissions scandal is unprecedentedly costly. The EPA recently slapped the automaker with a $37,000 fine per vehicle. Such a fine affects roughly 482,000 cars on American roads, amounting to $18B. The next highest fine ever sanctioned by the EPA was $1.2B to Toyota. Although top lawyers expect Volkswagen's fine to be reduced, the scope of the Volkswagen scandal is truly unprecedented.