Volkswagen Settles With Feds for US$4.3B Over Emissions Scam
Volkswagen has agreed to plead guilty and pay Usa$4.3 billion in criminal and civil penalties in relation to its diesel emissions adulterous scandal, the Us Justice Department appear today.
It's been a highly anticipated motion.
In addition, six VW executives and employees accept been indicted in connection with the conspiracy to crook on emissions tests. That includes Oliver Schmidt, Head of VW's Regulatory Compliance Part from 2022 to early 2022, who the FBI took into custody on Sun while visiting Miami, and appeared in federal court there Mon.
Other individuals criminally charged today for their alleged roles in the scheme include Heinz-Jakob Neusser, Head of Development for the VW make; Jens Hadler, Head of Engine Development; Richard Dorenkamp, Head of VW'southward Engine Development After-Treatment Department; Bernd Gottweis, a supervisor with responsibility for quality direction and product condom; and Jürgen Peter from the VW Quality Direction and Product Rubber Group. Those five individuals are believed to be in Frg.
The settlement appear today includes a US$2.8 billion criminal penalisation and US$1.5 billion in civil environmental, customs, and financial penalties. That's on top of a historic US$14.7 billion civil settlement appear in June and a US$1 billion settlement handed down in December 2022.
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Source: https://sea.pcmag.com/cars-auto/13337/volkswagen-settles-with-feds-for-us43b-over-emissions-scam
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