Volkswagen's deliberate cheating on emissions tests will cost it a record $14.7 billion. And that's just the start of its problems.
The settlement is only a preliminary step in the case; the automaker still faces possible criminal charges, as well as civil penalties for Clean Air Act violations. The Department of Justice is investigating possible criminal charges against both the company and individuals, said Deputy Attorney General Sally Yates.
Volkswagen has been hit with huge penalties in the U.S. for the emissions scandal, but not in Europe. Are the German automaker’s senior executives likely to face any prison time?