Volkswagen emissions violations
The U.S. Environmental Protection Agency orders Volkswagen to fix nearly 500,000 VW and Audi diesel cars from model years 2009-2015 that include software that circumvents EPA emissions standards. The company's illegal use of so-called "defeat devices" threaten public health, in some cases releasing 40 times the pollution standard of nitrogen oxide emissions. The company faces possible U.S. fines of up to $37,500 per vehicle for the violations which could total more than $18 billion.
Sources: AP via Fox News EPA