US authorities found evidence of criminal wrongdoing in Volkswagen’s diesel-emissions cheating, and are negotiating a settlement with the car maker, the Wall Street Journal reported.
Federal prosecutors and VW lawyers have held preliminary discussions and are working to settle an anticipated criminal case before the end of the year, the report said, citing people familiar with the matter.
A settlement is expected to result in charges and significant financial penalties against the German auto giant.
Prosecutors haven’t yet decided on specific criminal charges they might bring against VW, according to the report.
Volkswagen last year admitted to installing illegal emissions-cheating software on nearly 600,000 diesel-powered vehicles in the US, misleading environmental regulators and consumers.
The company is expected to face a large financial penalty as part of the criminal case, though the exact amount remains under discussion, sources told the Journal.
But the penalty could top the US$1.2 billion that Toyota suffered last year for concealing unintended acceleration problems, the report said.
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