Volkswagen A.G. has announced the company has been hit with $18.28 million in costs related to the diesel emissions scandal from 2015.
The costs, primarily in the United States, have gone far beyond the company’s expectation of $7.5 billion.
In a statement from the company, based in Germany:
“Volkswagen is committed to earning back the trust of its customers, dealers, regulators and the American public. These agreements in principle are an important step on the road to making things right. As noted today in court, customers in the United States do not need to take any action at this time.”