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Howes: VW scandal is a “warning shot” for U.S. automakers

front of vw car
User Mike Knell
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Flickr / http://j.mp/1SPGCl0
Volkswagen has agreed to establish a $10 billion fund that would allow almost half a million VW or Audi owners to terminate their leases or have the company buy back their cars. $4.7 billion more will be put toward the development of green technology.

German automaker Volkswagen has been handed an expensive lesson: don't mess with the EPA, and don't mess up our air. 

The U.S. Government has given Volkswagen a historic $14.7 billion spanking. 

Detroit News business columnist Daniel Howes joined us today to talk about the two possible futures he sees for Volkswagen, and what all of this could mean for U.S. automakers. 

GUEST Daniel Howes is columnist and associate business editor of The Detroit News.

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