5 Biggest Corporate Fines in History

3. Volkswagen

Volkswagen was the biggest car manufacturer in the world until 2020, when Toyota Motors (NYSE:TM) overtook it amidst both companies reducing production due to the pandemic. The company was investigated in 2015, by the US Environmental Protection Agency, which found that the company had manipulated emission tests to show that they met US standards, when in reality the emissions were several times higher. The company ended up having to pay $14.7 billion for its role in the scandal, while it has cost the company more than $33 billion overall.

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