Governor Kay Ivey recently awarded about $5.8 million to several Alabama entities from proceeds issued to the state as part of a nationwide settlement against Volkswagen.
The automotive giant was found in violation of the U.S. Clean Air Act in 2016 after installing software in approximately 590,000 vehicles which misled the amount of emissions said vehicles were emitting. As a result, VW agreed to a $2.9 billion settlement, with some of that total allocated to the states.
Alabama was awarded about $25 million in the settlement; the Yellowhammer State’s subtotal will be allocated over a 10-year period.
Anexo plc (LON:ANX) is a specialist integrated credit hire and legal services group focused on providing replacement vehicles to consumers who have been involved in a non-fault accident.
