Volkswagen, U.S. Justice Dept hold criminal probe settlement talks: sources

Reuters News
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Posted: Aug 15, 2016 4:37 PM

WASHINGTON (Reuters) - Volkswagen AG <VOWG_p.DE> and the U.S. Justice Department have held preliminary settlement talks about resolving a criminal probe into the automaker's diesel emissions scandal, two sources briefed on the matter said.

Reuters reported in June that a criminal settlement could include a consent decree, an independent monitor overseeing the German automaker's conduct and significant yet-to-be determined fines for emissions violations.

The Wall Street Journal reported on Monday that the fines could top $1.2 billion.

(Reporting by David Shepardson and Joel Schectman; Editing by Sandra Maler)