“That’s the kind of thing that can cut your value in half.”Stephanie Walkenshaw, of Denver, purchased her 2014 Jetta SportWagen TDI months before news of the emissions scandal broke. Nearly 40 state attorneys general are also set to announce resolutions with Volkswagen that could bump the total settlement valuation to more than $15 billion. By then, the settlement requires Volkswagen to have replaced or repaired 85 percent of the affected cars or pay hundreds of millions of dollars more in federal fines. Takata has yet to reach a settlement with regulators over its massive air bag recall. Once hailed as a leader in efficient “German engineering,” the company’s reputation has gone through the ringer after the massive scandal and settlement, industry analysts say.

Source: Washington Post June 27, 2016 22:28 UTC