The proposed settlement, with the Federal Trade Commission and drivers of about 78,000 diesel models with 3.0-liter engines, brings the total cost of penalties, buybacks and fixes in North America to more than $23 billion.
VW has repurchased or terminated the leases of about 96,000 vehicles, more than last year’s annual increase, and must buy back or fix as many as 562,000 diesel vehicles in the U.S. into 2019.
U.S. auto companies, whose home state of Michigan has a large Arab community, have yet to make their views known. Wall Street has also largely stayed out of the fray.
How Trump can convert trade policy into action.
Brussels now has more than 100 trade defense measures in place, 39 of them targeting unfair imports of steel products.
A 40% surge for Tesla Motors the last couple months certainly helps. So does a shared drive to make right here in America.