Volkswagen pleaded guilty Friday to fraud, obstruction of justice and falsifying statements as part of a $4.3 billion settlement reached with the Justice Department in January over the automaker’s diesel emissions scandal. “Your honor, VW AG is pleading guilty to all three counts because it is guilty on all three counts,” Doess told the court. Investors in VW stock took the news in stride after the expected guilty plea, sending shares up slightly in Germany to close up 0.3 percent at 143.70 euros ($153.38). VW, the world’s largest automaker by sales, in January agreed to pay $4.3 billion in U.S. civil and criminal fines. German prosecutors also have an ongoing criminal probe into VW’s excess diesel emissions.

Source: Washington Post March 10, 2017 23:48 UTC