Volkswagen prepares to plead guilty and pay US regulators $4.3 billion

Volkswagen is close to reaching a final deal with US regulators over its 2015 diesel emissions scandals, reports Reuters. The German automaker said it expects to plead guilty to criminal charges and pay the government some $4.3 billion as a settlement. In September last year, the company admitted installing secret software in more than half a million vehicles sold in the US that it used to fool exhaust emissions tests. Investment firm Evercore ISI said in a research note it expects the...

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