Volkswagen fined more than $1B for diesel emissions cheating

Dieselgate may be coming to an end.

German prosecutors have fined the automaker 1 billion euros ($1.18 billion) on Wednesday for cheating on diesel emissions tests.

Volkswagen said it will accept the fine, therefore admitting responsibility for the scandal.

“Following thorough examination, Volkswagen AG accepted the fine and it will not lodge an appeal against it. Volkswagen AG, by doing so, admits its responsibility for the diesel crisis and considers this as a further major step towards the latter being overcome,” the company said in a statement on Wednesday.



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