Volkswagen AG Agrees to Plead Guilty & Pay $4.3 Billion in Criminal & Civil Penalties, Six Volkswagen Executives & Employees Indicted for Conspiracy

January 11, 2017

Volkswagen AG (VW)  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.

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Updated January 12, 2017