Volkswagen fined €1 billion over diesel scandal

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CNN: Prosecutors in Germany have imposed a $1.2 billion fine on Volkswagen over the company’s diesel scandal.

The €1 billion ($1.2 billion) penalty was announced Wednesday by public prosecutors and the company, which said it was hoping to turn a page on emissions cheating.

“It is one of the highest fines ever imposed on a company in Germany,” the prosecutor said in a statement.

The automaker said it accepted the penalty.

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