collected by :John Locas
German prosecutors also have an ongoing criminal probe into VW’s excess diesel emissions.
“Your honor, VW AG is pleading guilty to all three counts because it is guilty on all three counts,” Doess told the court.
DETROIT/WASHINGTON Volkswagen AG (VOWG_p.DE) pleaded guilty on Friday to fraud, obstruction of justice and falsifying statements as part of a $4.3 billion settlement reached with the U.S. Justice Department in January over the automaker’s diesel emissions scandal.
Volkswagen’s general counsel Manfred Doess made the plea on its behalf after he said at a hearing in U.S. District Court in Detroit that he was authorized by the company’s board of directors to enter a guilty plea.
Investors in VW stock took the news in stride after the expected guilty plea, sending shares up slightly in Germany to close up 0.3 percent at 143.70 euros.
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(AFP: Francois Nascimbeni)The Australian Competition and Consumer Commission has initiated proceedings in the Federal Court against Volkswagen, Audi and Audi Australia over the diesel emissions scandal.
The emissions scandal erupted in 2015 when the US Environmental Protection Agency discovered many Volkswagen cars sold in the US were fitted with software controlling their diesel engines that could reduce emissions during testing.
According to the ACCC, Audi Australia supplied more than 12,000 affected vehicles to Australian consumers.
Following this action, VGA and Audi Australia announced in December 2016 the implementation of a recall designed to repair the diesel vehicles affected by the emissions software issue.
The scandal spread rapidly, with Volkswagen admitting about 11 million vehicles worldwide were affected, including almost 80,000 cars in Australia.
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Volkswagen showcases self-driving car ‘Sedric’ after diesel emissions scandal
Sedric is fully electric, connected and autonomous, and picks up passengers at the touch of a button.
‘Sedric’ reportedly stands fro ‘SElf DRIving Car’.
After a cheeky video riffing off Star Trek, Harry Potter and other pop-culture icons, CEO Matthias Mueller presented VW’s first self-driving car, known as Sedric, on Monday for a Geneva Auto Show media day.
Volkswagen has a badly dented image following the revelation that nearly 600,000 diesel vehicles deliberately circumvented U.S. emissions tests, and court cases continue against it.
Internet giant Google was a forerunner in self-driving technology with its 2015 prototype vehicle, but has since been challenged by companies ranging from Uber to Apple, as well as traditional carmakers.