US indicts six as Volkswagen agrees to pay US$4.3b over diesel scandal
Automaker to spend up to US$22b in United States to address claims from owners, dealers, regulators and states
Washington
VOLKSWAGEN AG has agreed to pay the largest US criminal fine levied on an automaker to settle charges that it conspired for nearly 10 years to cheat on diesel emission tests, while prosecutors on Wednesday charged six current and former senior VW executives for their roles in the scheme.
The German automaker agreed on Wednesday to pay US$4.3 billion (S$6.2 billion) in US civil and criminal fines and pay California US$153.8 million.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Changi Airport’s Q1 passenger movements surpass pre-pandemic levels
Toyota and Nissan pair up with Tencent and Baidu for China AI arms race
China's largest auto show displays all-electric future, local brands dominate
Toyota hits record annual output, sales on robust demand
Nissan, Mazda roll out new models for China as they aim for comeback
VinFast chief plans to invest US$1 billion more from his fortune in EV maker