By David Shepardson and Joel Schectman | WASHINGTON
Volkswagen AG (VOWG_p.DE) and the U.S. Justice Department are nearing an agreement to resolve the government’s civil and criminal investigations that would require the German automaker to pay a penalty of more than $3 billion, sources briefed on the talks said on Friday.
The agreement is not final and could top $4 billion or fall apart but a deal could be announced as early as next week, said the sources on condition of anonymity because the talks are confidential.
Volkswagen is also expected to face oversight by an outside monitor and agree to other significant reforms in connection with its diesel cheating scandal as part of a potential deferred prosecution agreement or guilty plea to criminal charges, the sources said.
