VW fined one billion euros by German prosecutors in diesel emissions scandal

Car giant Volkswagen has been fined one billion euros by German prosecutors over diesel emissions cheating, reports the BBC. The carmaker said it did not plan to appeal the fine, which is one of the highest ever imposed by German authorities on a company, according to the report. But BBC business correspondent Theo Leggett writes in a short analysis that “the fine pales into insignificance compared with the fines and compensation the group has had to pay out in the US - which add up to well over 20 billion euros. If this puts an end to criminal proceedings in Europe, VW may well think it's a relatively small price to pay.”

Read the report in German here.

Find the VW press release in English here.

For background, read the factsheet Dieselgate forces VW to embrace green mobility, and the dossier BMW, Daimler, and VW vow to fight in green transport revolution.