Newswise — Arthur Wheaton, an automotive industry specialist at Cornell University’s ILR School, comments on the possibility that Volkswagen will pay $10.2 billion to settle emission claims.
Bio: https://www.ilr.cornell.edu/people/arthur-wheaton
Wheaton says:
“The fine for EPA violations are $37,500 per vehicle and that can be doubled since Volkswagen knowingly and willfully violated the rules. So the total could have easily been over $36 billion and that money would not include 50 additional lawsuits from each U.S. attorney general for every state.
“A $10.2 billion fine would go a long way towards reducing the cloud hanging over Volkswagen.”
Cornell University has television, ISDN and dedicated Skype/Google+ Hangout studios available for media interviews.
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