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VW pleads guilty to 3 felonies and will pay $4.3 billion relating to emissions scandal

Business Insider Wednesday, 11 January 2017 ()
VW pleads guilty to 3 felonies and will pay $4.3 billion relating to emissions scandalOn Wednesday, Volkswagen announced that it will to plead guilty to three felonies as part of its settlement with the US government stemming from the company's emissions cheating scandal.

In addition to the guilty pleas, VW will pay penalties and fines totaling $4.3 billion as well as "strengthen its compliance and control...
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News video: Volkswagen Pleads Guilty in Diesel Emissions Scandal

Volkswagen Pleads Guilty in Diesel Emissions Scandal 01:09

Volkswagen agreed to enter a guilty plea to three criminal felony counts and pay a whopping $4.3 billion in penalties.

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