Germany fines Volkswagen $1.2 billion over diesel scandal

German state prosecutors have fined carmaker Volkswagen around $1.2 billion for rigging diesel engine emissions worldwide. Prosecutors said 10.7 million vehicles worldwide were equipped with impermissible software from mid-2007 to 2015. Admitting its responsibility for the diesel crisis, the German carmaker said it has accepted the fine and will not lodge an appeal against it.