Volkswagen US Dieselgate settlements – expectation of near imminent “Guilty Plea” linked to binding agreement to pay $4.3bn US criminal and civil fines – VW said “the payment obligations are expected to lead to a financial expense that exceeds the current provisions“
Germany’s Volkswagen Group, evidently keen by self-admission to settle forthwith the long drawn-out stand-off with the US Department of Justice on the financially deeply draining
dieselgate issue appears ready for an imminent guilty plea and subsequent close supervision for three years by an Independent US Monitor.
If, as expected, a final settlement agreement is reached within the next 24 hours, Volkswagen will agree to pay $4.3bn in US criminal and civil fines thereby elevating the overall financial fallout from the dieselgate affair well beyond the already agreed partial US settlement of $15.3bn in the US alone.
Ratification of the seemingly imminent “Guilty Plea” to criminal charges based on a “Statement of Facts“, yesterday Volkswagen said in a statement, is held up only by the still missing approval by both the Volkswagen’s Management Board and the Supervisory
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