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VW Announces Emissions Compensation Plan as Mitsubishi Comes Under Fire

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Yesterday Volkswagen reached an agreement to help stem the damage from its emissions cheating scandal that broke over six months ago.  Under the plan, the German auto maker will either buy back or fix about 600,000 non-compliant vehicles in the US.  The exact cost of the plan isn’t publically known, but is expected to cost VW multiple billions of dollars.  And there’s more work to be done – VW still has to resolve federal fines and compensate vehicle owners.

News of the VW deal comes a day after Japanese car maker Mitsubishi admitted to lying about fuel efficiency data for about 625,000 vehicles, including some built for Nissan.  Although the affected vehicles are not distributed in the United States, a widening investigation could reveal more fraud.  This story is continuing to develop, and there’s likely to be more news to come.