$30.00B
Involved
Volkswagen Dieselgate Emissions Fraud
🇩🇪
Germany
fraud
Settled
Date Discovered
September 18, 2015
Organization
Volkswagen AG
Victims
11,000,000
Perpetrators
VW executives and engineers
Legal Outcome
VW paid over $30 billion in fines, settlements, and recalls. Several executives charged.
Economic Impact
VW shares fell 40%, damaged "Made in Germany" brand, accelerated shift to electric vehicles.
Regulatory Changes
Enhanced vehicle emissions testing, real-world driving emissions requirements.