28.06.2016 - Volkswagen will pay 15 billion dollars for "diesel scandal"
According to Bloomberg automobile giant Volkswagen will spend 15 billion dollars to resolve "the diesel scandal". According to the deal, 10.03 billion dollars will be spent to buy cars in which was found defective software that understated the level of harmful emissions. In addition, each buyer will receive compensation of 10 thousand dollars. The Environmental Protection Agency and the California Air Resources Board will receive 2.7 billion dollars. In addition, the company will invest 2 billion dollars in emission control technology. According to our estimates, taking into account the weakening of demand for cars and the global negative sentiment at the stock markets, the fall of the company's shares may reach 10-15% in the near future.