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Volkswagen fined €1 billion by German prosecutors

2018-06-14 2 Dailymotion

Now for a look at stories making headlines around the world and we start in Germany…<br />Volkswagen has been fined a whopping 1.2 billion U.S. dollars over the carmaker's diesel emissions cheating scandal. <br />For more on this and other international news we turn to our Ro Aram… <br />Aram… another heavy blow to VW, which has been reeling from this scandal for the past few years….<br /><br /> That's right Mark… Public prosecutors in Braunschweig, near VW's Wolfsburg headquarters, issued the one-billion-euro fine on Wednesday.<br /> They said it was one of the highest fines ever imposed on a company in Germany.<br />After their investigation, prosecutors found that more 10 million cars made between 2007 and 2015 were fitted with software to cheat emissions tests.<br /> Volkswagen said it accepted the penalty, adding it takes responsibility for the diesel crisis. <br />Despite the large figure, the fine is a relatively small price to pay, as VW has already lost over 23 billion dollars in fines and compensation in the U.S. so far. <br />

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