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The U.S. Environmental Protection Agency (EPA) says that the penalty for Volkswagen could amount to as much as $18 billion.

One source told Reuters that the prospect of VW selling shares to raise money would become a likely scenario if the emissions scandal costs surpassed a “critical level”.

VW was found to have installed software on several of its diesel vehicles which would deliberately lower the vehicle’s pollutant output when it detected an emissions test being performed. Being that the European Union has stricter emissions regulations than the USA and...

As the scandal unfolded, it was revealed that roughly 11 million vehicles globally were emitting toxic nitrogen oxides at a rate up to 40 times beyond American regulations.

If the EPA had not been there to catch VW lying, who would have?

The agency will begin road-testing vehicles instead of relying exclusively on laboratory assessments. Unlike past emissions test, the details of how the agency, along with Canada’s environmental agency, will test vehicles for emissions cheating would not be provided to auto...

Last week it came to light that Volkswagen has admitted to the U.S. Environmental Protection Agency that it used software in 482,000 of its diesel cars sold in the U.S.to trick emissions tests.