Volkswagen fined £880m by German prosecutors for emissions cheating

German prosecutors have fined Volkswagen €1bn (£880m) over its diesel emissions cheating scandal.

Between mid-2007 and 2015, VW sold more than 10 million cars that had emissions-test-cheating software installed, the Braunschweig public prosecutor found.

VW has said it did not plan to appeal against the fine: “Following thorough examination, Volkswagen AG accepted the fine and it will not lodge an appeal against it. Volkswagen AG, by doing so, admits its responsibility for the diesel crisis and considers this as a further major step towards the latter being overcome,” it said in a statement.

The fine is one of the highest ever imposed by German authorities against a company.