VW fined €1bn by German prosecutors over diesel scandal

VW fined €1bn by German prosecutors over diesel scandal
 

Volkswagen has been fined €1bn (£880m) over diesel emissions cheating in what amounts to one of the highest ever fines imposed by German authorities against a company.
The fine follows a US plea agreement from January 2017 when VW agreed to pay $4.3bn to resolve criminal and civil penalties for installing illegal software in diesel engines to cheat strict US anti-pollution tests.
“Following thorough examination, Volkswagen AG accepted the fine and it will not lodge an appeal against it. Volkswagen AG, by doing so, admits its responsibility for the diesel crisis and considers this as a... read more

 
13 June 2018 in World News, Views: 45
Source: Guardian
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