Volkswagen AG is expected to approve a $4.3-billion settlement with US authorities to resolve criminal and civil investigations for its wide-ranging diesel-emissions scandal. VW's board is expected to sign off on the deal today.
Under the settlement, Volkswagen agrees to pay the landmark fine and appoint an independent monitor to supervise the automaker's compliance activities for three years. VW stock was buoyed by the news, rising about three percent to 151.65 euros, or $159.35 in European trading.
VW's emissions scandal continues to linger, and one of its executives was arrested Saturday in Florida in connection with the scandal. Despite the reveal of the I.D. Buzz concept and a long wheelbase Tiguan called the Allspace, the diesel issues remained a subplot this week at the Detroit Auto Show.
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Under the settlement, Volkswagen agrees to pay the landmark fine and appoint an independent monitor to supervise the automaker's compliance activities for three years. VW stock was buoyed by the news, rising about three percent to 151.65 euros, or $159.35 in European trading.
VW's emissions scandal continues to linger, and one of its executives was arrested Saturday in Florida in connection with the scandal. Despite the reveal of the I.D. Buzz concept and a long wheelbase Tiguan called the Allspace, the diesel issues remained a subplot this week at the Detroit Auto Show.
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