Volkswagen fined £880million after diesel emissions scandal
Volkswagen have reportedly been fined £880million by German authorities in connection with the diesel emissions scandal.
The German fine follows a US plea agreement from January 2017, when VW agreed to pay a criminal fine of $4.3 billion (£3.2bn) to resolve criminal and civil penalties.
“Following thorough examination, Volkswagen AG accepted the fine and it will not lodge an appeal against it. Volkswagen AG, by doing so, admits its responsibility for the diesel crisis and considers this as a further major step towards the latter being overcome,” it said in a statement.
The prosecutor’s office in Braunschweig, Germany ordered the fine against the carmaker for having “impermissible software functions” in 10.7 million cars between 2007 and 2015, Volkswagen said.
As a result of the fine being imposed, the regulatory offense proceedings against Volkswagen will be terminated, which the Wolfsburg-based carmaker said it assumes will help to settle further administrative proceedings against VW in Europe.
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