VW admits guilt and pays $4.3bn emissions penalty
Volkswagen will plead guilty to three felonies and pay $4.3bn in penalties to settle a US Department of Justice investigation into the diesel emissions scandal that has engulfed the German carmaker for the past 15 months. Six VW executives based in Germany have also been indicted in connection with the case, including Oliver Schmidt who was arrested in the US on Monday, said Loretta Lynch, US attorney-general. “For years, […]