VW is in advanced talks to settle the emissions scandal case with US prosecutors. Costs of the deal are likely to be higher than originally expected.
A Volkswagen (VW) manager, currently jailed in connection with the German automaker's emissions scandal in the United States, has pleaded guilty in a Detroit courtroom, hoping for lesser punishment.
A California judge also gave final approval to auto supplier Robert Bosch's settlement over its role in developing the engines. VW is to fix or buy back 80,000 vehicles, which could total up to US $4 billion in payouts.
German carmaker Volkswagen (VW) has been ordered to pay a $2.8 billion criminal penalty in the United States as it struggles to bring to an end the long-running diesel emissions scandal that has engulfed the company.
VW's emissions scam has stained the firm's reputation and even undercut Germany’s well-cultivated image as a bastion of excellence, precision and environmentalism. One of those behind the scandal is set to be sentenced.
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