CNN: Volkswagen agrees to record $14.7 billion settlement over emissions cheating

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.

Read More
John Flynn