Bloomberg Law
April 21, 2017, 6:23 PM UTC

VW’s $4.3 Billion U.S. Deal Completed With Court’s Approval

Bloomberg Media

By Margaret Cronin Fisk and Tom Schoenberg, Bloomberg News

Volkswagen AG will pay a $4.3 billion penalty for misleading U.S. regulators and customers about its diesel engines’ emissions after a federal judge approved the company’s plea deal, moving the carmaker closer to resolving one of the biggest scandals in automotive history.

U.S. District Judge Sean Cox in Detroit signed off Friday on the plan for the German carmaker to pay $2.8 billion in criminal fines as part of a settlement with the U.S. government that also includes $1.5 billion in civil penalties and a guilty plea. The judge also approved ...

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