Eight months after Oliver Schmidt — a former executive with Volkswagen’s regulatory compliance office — was arrested for his part in the company’s “Dieselgate” scandal, he has pleaded guilty to conspiracy and fraud charges. [More]
closing another chapter
Report: Volkswagen Settlement Over 3-Liter Vehicles Could Add $1B To “Dieselgate” Tab
By 12.19.16
Volkswagen has already agreed to pay $15 billion to settle a large portion of its “dieselgate” scandal, so what’s another $1 billion? That figure could reportedly be added to the carmaker’s tab as part of a settlement concerning so-called “defeat devices” on thousands of 3-liter vehicles not covered by the company’s earlier settlement with federal regulators. [More]
