#$51Million
Volkswagen Pulled Cheap $51.35 Million Bar Trick in 2009 Based on False Emissions Data
According to the LA Times, Volkswagen’s falsified emissions data made certain 2009 model year vehicles eligible for a $1,300 green car subsidy. That subsidy, applicable to 39,500 Jetta and Jetta Sportwagen units sold, equated to a total of $51.35 million available to buyers from the government.
The LA Times used Internal Revenue Service data and Motor Intelligence, an automotive industry research body, to calculate the numbers.
The $51 million in total tax credits is just another case of automakers leveraging dumb government money to incentivize consumers to buy their vehicles.
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