German lawmakers fine Volkswagen 1 bn euros over emissions cheating


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.....

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