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Germany's Brunswick public prosecutor levied a fine of €1 billion (around Rs 7,997 crore) for cheating diesel emissions tests and the VW Group has accepted to pay it.
“Following thorough examination, Volkswagen AG accepted the fine and it will not lodge an appeal against it,” said Volkswagen, in a statement released today. “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.”
Volkswagen also admitted that “According to the findings of the investigation carried out by the Braunschweig public prosecutor, monitoring duties had been breached in the Powertrain Development department in the context of vehicle tests.”
10.3 million cars worldwide were affected by this emissions scandal.