Quote:
Volkswagen has pleaded guilty to three criminal charges in the US and will pay fines totalling $4.3bn (£3.5bn) to settle charges over the emissions-rigging scandal.
The firm will pay $2.8bn in criminal fines and $1.5bn in civil penalties.
US Attorney-General Loretta Lynch said VW denied and then lied in a bid to cover up its actions.
The fines amounted to one of the biggest clean air penalties ever achieved, she added.
Six VW executives and managers have also been charged over their role in the emissions cheating.
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http://www.bbc.co.uk/news/business-38590197
Given that the EU is committed to imposing fines for pollution levels in the likes of London I wonder whether VW (and others possibly) will be called to account for their contribution to it.
It looks like there are now questions being raised about Chrysler-Fiat:
Quote:
Fiat Chrysler has been accused of not telling authorities about software regulating emissions in thousands of its diesel vehicles.
The US Environmental Protection Agency (EPA) said the company broke the law by installing, but failing to disclose, the technology in more than 100,000 Jeeps and Dodge vehicles.
The EPA says the software has resulted in higher emissions of nitrogen oxides.
Fiat Chrysler shares fell more than 13% in New York on the news.
The company is also listed in Milan and its shares were suspended after falling as much as 16%.
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http://www.bbc.co.uk/news/business-38600012