Volkswagen looking for settlement with Canadian diesel motorists

By awrara ra

German automaker Volkswagen is looking to settle the dieselgate case with its customers in Canada.

The car manufacturer has already agreed to pay out $10 billion to vehicle owners in the USA in a buyback and repairing scheme – one of the most expensive compensation pay outs made following the shock revelation that the company had been rigging US emissions tests for many years.

The total amount could rise to $15.3 billion when funding for producers of new technologies is taken into account.

According to the German newspaper Handelsblatt, VW is now opening up talks with Canadian authorities with a view to striking a deal. It is not going to be paying compensation in Europe, a move which has caused more controversy.

A spokesperson told Reuters: “We are not commenting on speculation in the media. VW is in talks with the Canadian authorities but there are no decisions yet.”

Handelsblatt said compensation in Canada could reach $2 billion, although the newspaper did not cite where this estimate came from. 

Follow @BizReviewCANADA

Read the July 2016 issue of Business Review USA & Canada magazine


Featured Articles

Amelia DeLuca, CSO at Delta Air Lines on Female Leadership

Driving decarbonisation at Delta Air Lines, Chief Sustainability Officer Amelia DeLuca discusses the rise of the CSO and value of more women in leadership

Liz Elting – Driving Equality & Building Billion-$ Business

Founder and CEO Liz Elting Turned Her Passion into Purpose and Created a Billion-Dollar Business While Fighting for Workplace Equality – and Winning

JPMorgan Chase: Committed to supporting the next generation

JPMorgan has unveiled a host of new and expanded philanthropic activities totalling US$3.5 million to support the development of apprenticeship programmes

How efficient digital ecosystems became business critical

Technology & AI

Mastercard: Supporting clients at a time of rapid evolution

Digital Strategy

Why Ceridian has boldly rebranded to Dayforce

Human Capital