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VW's dieselgate bill hits $30 billion after another charge

HAMBURG/BERLIN (Reuters) – Volkswagen (VOWG_p.DE) is taking another $ 3 billion charge to fix diesel engines in the United States, lifting the total bill for its emissions test cheating scandal to around $ 30 billion.

Shares in the German carmaker fell as much as 3 percent on Friday, as traders and analysts expressed dismay the company was still booking charges two years after the scandal broke.

“This is yet another unexpected and unwelcome announcement from VW, not only from an earnings and cash flow…
Reuters: Business News

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