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VW Fined $1.2 Billion in Germany Over Diesel Scandal


Automaker Volkswagen says it's being fined $1.18 billion by German authorities in connection with the diesel emissions scandal.

Volkswagen said in a statement Wednesday it would accept the fine imposed by prosecutors in the German city of Braunschweig.

The automaker said it hoped that paying the German fine would have "positive effects on other official proceedings being conducted in Europe against Volkswagen" and its subsidiaries.

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