Volkswagen agrees to pay $4.3 billion fine, plead guilty in settlement that reveals depth of the emissions deception

Volkswagen AG took a major step towards resolving one of the darkest chapters in its history Wednesday, pleading guilty to an emissions-cheating scandal and agreeing to pay US$4.3 billion in criminal and civil charges.

As part of its settlement, VW pleaded guilty to charges of conspiracy, obstruction of justice and using false statements to import cars to the U.S. The deal details a scheme in which the German automaker deceived regulators and customers and about 40 employees destroyed...

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