The fuel-emissions scandal of Volkswagen continues. Did you know that Volkswagen AG's settlement for about 50,000 owners and government regulators over polluting vehicles is valued at more than $15 billion cash? That amount is very high even for such a powerful company as Volkswagen. We will know more precisely about this settlement on Tuesday in Washington, when it will be announced that the company has to return to the owners $10.033 billion over diesel emissions of about 475,000 vehicles and approximately $5 billion in funds to offset excess diesel emissions and boost zero emission vehicles. The expected settlement is going to be more than $500 million and will push the total to over $15 billion. Volkswagen isn't commenting on these news yet but a source revealed that each owner of 2.0 liter diesel VW 2009-15 cars will receive at least $5,100 as a compensation along with the estimated value of the vehicles as of September 2015. Some owners will get $10,000 in compensation, it all depends on the value of the car.
BMW AG is going to revive North America output of its best-selling U.S. model, at the same time it will begin producing the next-generation 3-series sedan in a new factory in Mexico starting in 2019. The company will probably build another vehicle, but first of all it plans on making 150,000 3-series cars. Yes, if you're thinking about the money than you're right, the company had to invest $1 billion which was its first step to planting the root in the second North American manufacturing hub. You have probably observed already that the 3-series was one of the best selling luxury cars in U.S. and that is the reason why it will get updated in 2018.