In a related matter, last month a Michigan federal judge ordered Volkswagen AG to pay a $2.8 billion criminal fine for cheating emissions standards. This came six weeks after the German automaker formally pled guilty to the three criminal charges connected to the scandal. U.S. District Judge Sean Cox sentenced the automaker to pay the fines pursuant to a settlement agreement with the U.S. Department of Justice and U.S. Customs and Border Protection.
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