Audi Settles Diesel Engine Probe for Almost $1 Billion
Settlement removes another uncertain financial risk for VW, which has paid more than $27 billion over the emissions scandal
BERLIN—German luxury car brand Audi on Tuesday said it has agreed to pay a fine of €800 million ($927 million) to settle a German fraud investigation related to the sale of cars with six- and eight-cylinder diesel engines that contained illegal software to manipulate emissions.
The settlement removes another uncertain financial risk for Audi’s parent, Volkswagen AG, which has shouldered fines, penalties and compensation payments of more than $27 billion after admitting in 2015 it rigged nearly 11 million diesel vehicles to...