Volkswagen Scandal Costs Mount

Volkswagen added provisions of around 2.5 billion euros ($3 billion) on Friday to the mounting total from its diesel emissions scandal, which has already cost the company around 20 billion euros. "The reason is an increase in provisions relating to the buyback/retrofit program for 2.0l TDI vehicles, which is part of the settlements in North America...

Faced with billions of euros in costs for its emissions cheating scandal, Volkswagen may have to consider an overhaul of a 12-brand empire built in the last two decades that makes everything from cheap cars to motorbikes to heavy trucks.

Volkswagen added provisions of around 2.5 billion euros ($3 billion) on Friday to the mounting total from its diesel emissions scandal, which has already cost the company around 20 billion euros. "The reason is an increase in provisions relating to the buyback/retrofit program for 2.0l TDI vehicles, which is part of the settlements in North America...

Faced with billions of euros in costs for its emissions cheating scandal, Volkswagen may have to consider an overhaul of a 12-brand empire built in the last two decades that makes everything from cheap cars to motorbikes to heavy trucks.