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Volkswagen to settle with U.S. after finding of criminal wrongdoing, according to report

By Ed Adamczyk
The Department of Justice has uncovered evidence of criminal wrongdoing against Volkswagen AG in the company's ongoing emissions scandal, people close to the matter said. Photo by Brian Kersey/UPI | <a href="/News_Photos/lp/42479b34b6151749d65a50a75dee7090/" target="_blank">License Photo</a>
The Department of Justice has uncovered evidence of criminal wrongdoing against Volkswagen AG in the company's ongoing emissions scandal, people close to the matter said. Photo by Brian Kersey/UPI | License Photo

WASHINGTON, Aug. 16 (UPI) -- Volkswagen AG is reportedly working toward a final settlement with the U.S. Justice Department after a finding of criminal wrongdoing in the emissions scandal.

Volkswagen admitted in 2015 that it had designed and installed software to show lower-than-actual emissions levels during testing of several vehicle models equipped with diesel engines.

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The Justice Department has not brought criminal charges against the company, the Wall Street Journal reported Tuesday, and is now in settlement talks with the automaker.

Volkswagen has set aside $20 billion to cover costs related to its cover-up, and reached an agreement with U.S. authorities in July costing as much as $15.3 billion in buybacks and repairs to vehicles. It admitted to misleading U.S. environmental regulators regarding data emissions information on more than 600,000 cars sold in the United States.

In a separate, civil settlement in June it agreed to pay regulators and customers up to $15 billion. The July settlement did not absolve Volkswagen of criminal charges. The next settlement, expected by the end of 2016, could result in more financial penalties.

The company also faces possible prosecution by several states and countries.

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"Our discussions are continuing toward a resolution of remaining issues," the company, based in Wolfsburg, Germany, said Tuesday in an e-mailed statement.

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