Volkswagen

The settlement stems from VW's admission in September that it intentionally misled regulators by installing secret software that allowed U.S. vehicles to emit up to 40 times legally allowable pollution.

As part of the settlements, Volkswagen will to help boost zero emissions vehicles and introduce a program to offset excess diesel pollution from the offending vehicles.

Europe's largest automaker will this month unveil a new business strategy aimed at improving accountability and speeding up model development, with greater investments in electric cars, new technologies and mobility services among the key elements, company sources have said.

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That would include versions of the Jetta sedan, the Golf compact and the Audi A3 sold since 2009.

Handled correctly, a scandal represents an opportunity to win trust, show goodwill and reassure consumers.

Here are four ways to build a culture which, unlike VW during its scandal days, accepts failure as a growth opportunity.

The allegations in the lawsuit carry penalties that could cost Volkswagen billions of dollars, a senior Justice Department official said.

The embattled car maker admitted to installing 'defeat devices' in 11 million vehicles worldwide.

A nice apology letter from VW gives some clues just how badly they screwed up.