Congresswoman raises concerns about VW settlement oversight

SAN FRANCISCO/WASHINGTON (Reuters) - A settlement with U.S. regulators gives Volkswagen AG too much authority over how to spend $2 billion on electric vehicle technology, a U.S. congresswoman from California said this week in a letter, echoing concerns from states and others who fear the German automaker gains undue influence in the deal. Volkswagen agreed to spend $1.2 billion nationally and $800 million more in California on electric vehicle technology as penalties for equipping hundreds of th