VW Hit with $1.2B Fine

June 15, 2018
German authorities imposed a fine of about $1.2 billion on Volkswagen Group, once again increasing the tab for the automaker's global emissions scandal.

June 15, 2018—German authorities imposed a fine of about $1.2 billion on Volkswagen Group, once again increasing the tab for the automaker's global emissions scandal, USA Today reports.

Prosecutors in Braunschweig, Germany, announced the penalty Wednesday in connection with their investigation into Volkswagen's intentional use of software to cheat emissions standards on nearly 11 million vehicles worldwide.

Volkswagen said it had agreed to accept the fine "and, by doing so, admits its responsibility."

The emissions cheating has cost the company at least $30 billion via numerous fines and settlements, including a sweeping deal with American consumers that involves vehicle buybacks or fixes for all affected owners.

Sponsored Recommendations

Valvoline Partner Solutions

We arm you with products that build trust, tools that unlock productivity, and training that drives business performance, so you feel confident in where your...

Grow the business you know

Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube.

Solutions that drive results

Connect with Valvoline experts to increase operational efficiency and customer loyalty – from Valvoline-funded promotions to hands-on training, we’re here to...

Free Resources for Shops Like Yours

View insights, research and solutions curated specifically for shops like yours.