A Volkswagen executive charged with fraud and conspiracy for his part in covering up the “dieselgate” emissions-cheating scandal has agreed to plead guilty, US officials said Tuesday. Oliver Schmidt, who led the German automaker’s US regulatory compliance office from 2012 to March 2015, will plead guilty at an August 4 hearing at a US federal … Read more
A US judge on Friday sentenced Volkswagen to pay a $2.8 billion criminal penalty in the diesel emissions cheating scandal, in line with a deal struck between the automaker and the US government. The district court judge in Detroit also placed the German auto maker on three years of probation, settling the US criminal case … Read more
German automaker Volkswagen AG on Friday pleaded guilty to criminal charges in the emissions-cheating scandal, closing an important chapter in the saga that has rocked the company sice 2015. The company in January agreed to plead guilty and pay $4.3 billion in criminal and civil fines to settle charges that it defrauded the United States … Read more
Volkswagen has agreed to plead guilty to U. S. charges it cheated on diesel emissions tests for a decade, accepting the largest fine on an automaker ever, while a federal grand jury indicted six former VW executives for involvement in the conspiracy. Five of the six former Volkswagen executives are in Germany and it is … Read more
A U. S. judge on Thursday ordered a Volkswagen executive charged in the Justice Department’s diesel emissions investigation held without bail pending trial. Oliver Schmidt was arrested Saturday at Miami’s International Airport as he planned to fly home after a vacation. He was one of six current and former VW executives charged this week in … Read more
Volkswagen has agreed a draft $4.3bn (£3.5bn) settlement with US authorities over the emissions-rigging scandal. The German car maker also said it would plead guilty to breaking certain US laws. VW said it was in advanced discussions with the Department of Justice and US Customs about the deal. The final agreement has yet to be … Read more
German car giant Volkswagen has said it sold a record 10.3 million vehicles worldwide last year, despite the continued impact of 2015’s emissions cheating scandal. The VW group saw sales increase by 3.8% in 2016, making it likely that the firm will overtake Toyota as the world’s biggest carmaker by volume. The sales figures include … Read more