Germany Fines Volkswagen $1.2 Billion for Diesel Scandal

Prosecutors in Germany have imposed a $1.2 billion fine as a result of Volkswagen over the company's diesel scandal.

The €1 billion ($1.2 billion) penalty was announced Wednesday by public prosecutors and the company, which said it was hoping to turn a page on emissions cheating.

Germany Fines Volkswagen $1.2 Billion for Diesel Scandal

The prosecutor said in a statement; "It is one of the highest fines ever imposed on a company in Germany."

The automaker said it accepted the penalty.

The company said in a statement;"Volkswagen (VLKAF) accepted the fine and it will not lodge an appeal against it.Volkswagen, by doing so, admits its responsibility for the diesel crisis."

News Reporter
Folakemi Awoyo is a former Journalist, T.V news and programme presenter base in Germany. Passionate about writing the communication specialist is set to quench your taste for unbiased news stories happening in Africa and around the globe. Folakemi believes half truth imprisons, that is why Tatahfonewsarena is set to give its readers a diaspora breaking gossip news and celebrity gist experience that makes it possible to know something about everything. Folakemi is currently a communication specialist, life coach, with a B.sc in Mass Communication, MA Communication Management with an ongoing Ph.D degree. Nice To Meet You.

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