One billion euros. This is the fine that Volkswagen will have to pay in Germany over the Dieselgate scandal, after the prosecutor of the Braunschweig state prosecutor's office found that the company violated its duties to monitor harmful emissions.
The car giant has already made it known that it does not want to appeal, because it "acknowledges its responsibility" for what happened. Basically, an admission of guilt.
The group explains in a statement that "according to the results of the investigation conducted by the prosecutor, the monitoring functions were violated in the development department of the group in the context of vehicle tests".
Once the fine is paid, the proceedings against Volkswagen should be closed and the group will be able to move on.
The fine, according to the company, could have a positive impact on any further investigations against the group or its subsidiaries in Europe.
