Volkswagen AG

VW agrees to US$1.2 billion fine as diesel crisis grinds on

Volkswagen AG (VW) will pay a US$1.2 billion fine imposed by German prosecutors for cheating to get around diesel-emissions regulations, closing one chapter in a three-year-old crisis even as new developments arise.The world’s biggest automaker accepts the fine and takes responsibility for its actions, Wolfsburg, Germany-based Volkswagen said in a regulatory filing on Wednesday after markets closed.

15 June 2018
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