Volkswagen AG to Pay C$196.5 Environmental Fines in Canada

   By Stephen Nakrosis 
 

Volkswagen AG (VOW.XE) will pay fines totaling C$196.5 million ($149.5 million) after pleading guilty to illegally importing vehicles into Canada that didn't comply with the country's vehicle emissions standards.

Volkswagen also pleaded guilty to two counts of providing misleading information, according to the Public Prosecution Service of Canada.

A Volkswagen spokesperson said, "Volkswagen AG cooperated fully with the investigation by Environment and Climate Change Canada and this plea resolution resolves all of the charges. The resolution acknowledges the extensive measures by Volkswagen to make things right in Canada and strengthen its global compliance policies. The payment from the company will be used to support environmental projects nationally and in the provinces across the country."

The Public Prosecution Service said the C$196.5 million fine was on top of the class action settlement by Volkswagen with Canadian consumers. Volkswagen also paid a civil administrative penalty of C$17.5 million, the Service said.

--Write to Stephen Nakrosis at [e-mail]

(END) Dow Jones Newswires

January 22, 2020 18:12 ET (23:12 GMT)

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