Volkswagen Agrees To Pay $4.3B To Resolve U.S. Emissions Troubles

Volkswagen (VOWG_p.DE) has agreed with the U.S. government to pay $4.3 billion in fines and penalties to resolve its diesel emissions troubles, it said in a statement on Wednesday.

As part of the settlement, Volkswagen has agreed to plead guilty to three felony counts under U.S. law: conspiracy to defraud the United States, commit wire fraud and violate the Clean Air Act; obstruction of justice; and entry of goods into the United States by false statement.

“Volkswagen specifically...

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