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VW US Finance Unit To Pay .75M In SEC Case

SEC United States Volkswagen

A new logo of German carmaker Volkswagen is unveiled at the VW headquarters in Wolfsburg

Volkswagen's US finance unit has agreed to pay $48.75 million to settle a diesel emissions scandal case with the Securities and Exchange Commission (SEC).

The settlement stems from allegations that Volkswagen Credit, Inc. misled bond investors about the financial impact of the company's diesel emissions scandal. The SEC accused the finance unit of issuing more than $13 billion in bonds and asset-backed securities in US markets while failing to disclose the potential financial risks associated with the scandal.

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