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Volkswagen AG has pleaded guilty to three felonies and agreed to pay $4.3 billion in criminal and civil penalties related to its emissions scandal, the U.S. Department of Justice has announced.
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Volkswagen is reportedly in negotiations to establish two funds to provide payments to regulars following the diesel emissions scandal. The funds would go toward promoting clean transportation.
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The U.S. Department of Justice (DOJ) sent Volkswagen a subpoena under the Financial Institutions Reform, Recovery and Enforcement Act of 1989.
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The U.S. Department of Justice agrees to defer prosecution and dismiss its case as long as Toyota complies with all agreement terms, which include submitting to an independent monitor.
Read More →NASHVILLE - Bridgestone Corp. announced that it has entered into a plea agreement with the U.S. Department of Justice (DOJ). The company will pay a $28 million criminal fine for its involvement in a bid rigging conspiracy and improper payments to Latin American officials, according to Modern Tire Dealer magazine.
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