Volkswagen (VLKAY) 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.
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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.
For more about the Volkswagen cheating scandal (a.k.a. “Dieselgate”), watch:
The Wall Street Journal reported on Monday that the fines could top $1.2 billion.