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German lawmakers fine Volkswagen 1 bn euros over emissions cheating

The German fine follows a US plea agreement from January 2017 when VW agreed to pay $4.3 billion to resolve criminal and civil penalties for installing illegal software in diesel engines

Andreas Cremer & Jan Schwartz | Reuters  |  Berlin 

Volkswagen was fined 1 billion euros ($1.18 billion) over diesel emissions cheating in what amounts to one of the highest ever fines imposed by German authorities against a company, public prosecutors said on Wednesday. The German fine follows a US plea agreement from January 2017 when VW agreed to pay $4.3 billion to resolve criminal and civil penalties for installing illegal software in diesel engines to cheat strict US anti-pollution tests. "Following a thorough examination, Volkswagen AG accepted the fine and it will not lodge an appeal against it. Volkswagen AG, by ...

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First Published: Wed, June 13 2018. 23:50 IST
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