Volkswagen AG’s $15 billion settlement with the U.S. and California over cheating on diesel emissions includes billions of dollars to support technologies sold by rivals such as Tesla Motors Inc. and Toyota Motor Corp.
As part of the deal, VW will pay $2 billion over 10 years to promote clean cars such as those powered by hydrogen and electricity. To mitigate pollution created by the cheating cars, the company also will pay $2.7 billion over three years that will, in part, be used to give incentives to replace polluting heavy-duty diesel vehicles with newer trucks that have cleaner emissions. With its MAN and Scania brands, VW is Europe’s third-largest heavy-truck maker.
