Volkswagen said on Tuesday it was in advanced talks to pay $4.3bn in penalties and plead guilty to criminal charges to settle with the US Department of Justice over the German carmaker’s diesel emissions scandal.
The company would also be subject to supervision by an independent monitor for the next three years.
VW said that the settlement could result in the company’s financial obligations stemming from the scandal exceeding its “current provisions”. In October it said it had set aside more than €18.2bn.
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