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Criminal

Jan. 12, 2017

VW agrees to pay $4.3B in DOJ lawsuit

A draft settlement between Volkswagen AG and the U.S. Department of Justice over polluting diesel vehicles also calls for the German automaker to plead guilty to criminal charges, Volkswagen confirmed Tuesday.

By Meghann M. Cuniff
Daily Journal Staff Writer

A draft settlement between Volkswagen AG and the U.S. Department of Justice over polluting diesel vehicles calls for the German automaker to pay $4.3 billion and plead guilty to criminal charges, Volkswagen confirmed Tuesday.

Volkswagen's announcement came amid market rumors about a "concrete draft of a settlement agreement," the company said in a news release. Volks...

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