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.
VW Reaches $1B Settlement for 3.0L Diesels
Volkswagen has reached an agreement to settle claims relating to its 3.0L V-6 TDI engines with a commitment to buy back a quarter of the vehicles, set aside $225 million toward emissions reduction, and pay $25 million to support the use of zero emission vehicles (ZEVs) in California.