Volkswagen fined $1.2 billion in Germany over diesel scandal
BERLIN — Automaker Volkswagen said Wednesday that it’s being fined 1 billion euros ($1.18 billion) by German authorities in connection with the diesel emissions scandal.
Volkswagen said in a statement it would accept the fine imposed by prosecutors in the German city of Braunschweig.
Prosecutors concluded that Volkswagen failed to properly oversee the activity of its engine development department, resulting in some 10.7 million diesel vehicles with illegal emissions-controlling software being sold worldwide.
The scandal, which came to light in the United States in 2015, has already cost the German automaker $20 billion in fines and civil settlements in the U.S.
