28 Sep '15, 4am

Volkswagen Fine Could Be $3.2 Billion Rather Than $18 Billion

Volkswagen Fine Could Be $3.2 Billion Rather Than $18 Billion

Volkswagen may see a fine in the area of $3.2 billion rather than a maximum-possible $18 billion, according to a recent analysis. While the Environmental Protection Agency (EPA) still could hit Volkswagen with the full $18 billion fine for cheating on diesel emissions tests, The Truth About Cars did an analysis to determine what is more likely to happen based on past violations. Last year, the EPA fined Hyundai and Kia $100 million for releasing 4.75-million metric tons more of greenhouse gases than originally reported for more than 1.1-million cars. By using the EPA’s own penalty worksheet, a vehicle’s engine is classified for “gravity” at 250 horsepower. From there, each horsepower up to 10 horsepower is an additional $80 fine while between 11-100, the fine is $20. The fine is $5 for 150 to 250, meaning Volkswagen’s adjusted penalty would be $3,350 per engine. SEE ALSO: ...

Full article: http://www.hybridcars.com/volkswagen-fine-could-be-3-2-bi...

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