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Volkswagen Emissions Scandal: Why It Has No End

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follow the latest news of” market news” from different sites to most famous technicals / by 2017-01-11 at 20:31

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Volkswagen AG Agrees to Plead Guilty and Pay $4.3 Billion in Criminal and Civil Penalties; Six Volkswagen Executives and Employees are Indicted in Connection with Conspiracy to Cheat U.S. Emissions Te

Volkswagen AG Agrees to Plead Guilty and Pay $4.3 Billion in Criminal and Civil Penalties; Six Volkswagen Executives and Employees are Indicted in Connection with Conspiracy to Cheat U.S. Emissions Te*/

– VW to Pay $2.8 Billion Criminal Fine in Guilty Plea and $1.5 Billion Settlement of Civil Environmental, Customs and Financial Violations; Monitor to Be Appointed to Oversee the Parent CompanyVolkswagen AG (VW) has agreed to plead guilty to three criminal felony counts and pay a $2.8 billion criminal penalty as a result of the company’s long-running scheme to sell approximately 590,000 diesel vehicles in the U.S. by using a defeat device to cheat on emissions tests mandated by the Environmental Protection Agency (EPA) and the California Air Resources Board (CARB), and lying and obstructing justice to further the scheme, the Justice Department announced today.In separate civil resolutions of environmental, customs and financial claims, VW has agreed to pay $1.5 billion.This includes EPA’s claim for civil penalties against VW in connection with VW’s importation and sale of these cars, as well as U.S. Customs and Border Protection (CBP) claims for customs fraud.
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U.S. Indicts Six Volkswagen Executives in Emissions Scandal

U.S. Indicts Six Volkswagen Executives in Emissions Scandal*/

– A U.S. grand jury on Wednesday indicted six current and former executives of Volkswagen AG for their alleged part in the company’s U.S. emissions fraud as the Justice Department’s investigation shifts from bringing the German car maker to account to prosecuting individual executives.The indictments came as Volkswagen formally admitted to criminal wrongdoing and agreed to pay a $2.8 billion criminal fine and an additional $1.5…
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Volkswagen Emissions Scandal: Why It Has No End

Volkswagen Emissions Scandal: Why It Has No End*/

– The astonishing Volkswagen emissions scandal yesterday took another expensive step down its extremely long path to eventual resolution, as the company agreed to pay $4.3 billion to resolve the Justice Department’s criminal and civil investigation of the matter.That’s on top of $14.7 billion it previously agreed to pay to settle civil claims in the U.S. and $1.2 billion it agreed to pay to settle claims by U.S. dealers.Yet this mess is still nowhere near over.
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