Volkswagen AG to Pay C$196.5 Environmental Fines in Canada
January 22 2020 - 6:27PM
Dow Jones News
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 stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
January 22, 2020 18:12 ET (23:12 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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