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Volkswagen fined 1 billion euros by German prosecutors over emissions cheating

Reuters  |  BERLIN 

By Andreas Cremer and Jan SchwartzBERLIN (Reuters) - Volkswagen was fined one 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 U.S. 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 U.S. anti-pollution tests. "Following thorough examination, Volkswagen AG accepted the fine and it will not lodge an ...

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First Published: Thu, June 14 2018. 01:12 IST
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