Volkswagen AG agrees to plead guilty and pay $4.3B in criminal and civil penalties; 6 execs and employees indicted
Green Car Congress
JANUARY 11, 2017
Volkswagen AG has agreed with the US government to resolve criminal and federal environmental and other civil claims against the company relating to the diesel emissions cheating débâcle. As part of the resolution, Volkswagen has agreed to plead guilty to three criminal felony counts, to pay penalties and fines totaling $4.3 billion, and to a series of measures to further strengthen its compliance and control systems, including the appointment of an independent monitor for a period of three year
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