Edition: Global  
One News Page
“Probably the fastest-access news portal in the world”
> >

Volkswagen to Admit Guilt in Emissions Cheating Scandal

Duration: 00:41s - Published: < > Embed
News video: Volkswagen to Admit Guilt in Emissions Cheating ScandalVW plans to settle civil and criminal investigations into an emissions cheating scandal by admitting guilt and paying fines.

0
shares
Share on
Facebook
Share on
Twitter
Post on 
Reddit
Share by
Email
 

Transcript: Volkswagen to Admit Guilt in Emissions Cheating Scandal

Volkswagen said it will  admit guilt  to settle investigations into the automaker's diesel emissions scandal.  Software intended to cheat emissions tests was installed in about  11 million  VW cars worldwide.  The company will dedicate just under  $15 billion  to pay for repairs or buy back cars, and to promote zero-emissions vehicles and environmental mitigation.  SEE MORE: Volkswagen Will Shell Out Billions Over Its Emissions Cheating Scandal Volkswagen will also pay  $4.3 billion  in fines.  The revelation has led to one employee's arrest.

Another pleaded guilty to charges of fraud.  Sales for VW in the U.S. were down in 2016 by 2.6 percent, but sales worldwide rose by 3.8 percent. 



Recent related news

Europe insists Volkswagen meet emission-scandal obligations

Europe insists Volkswagen meet emission-scandal obligationsWashington (UPI) Sep 7, 2017 The European Commission said it was insisting the automotive group...
Energy Daily - ScienceAlso reported by •CTV News


Dozens of Volkswagen TDIs Missing from Michigan Storage Lot, Resold out of State

Dozens of Volkswagen TDIs Missing from Michigan Storage Lot, Resold out of State- Somewhere, among hundreds of thousands of Volkswagen and Audi vehicles that were bought back by...
Car and Driver - Automotive

Diesel emissions scandal still dogs VW

Diesel emissions scandal still dogs VWGerman car manufacturer Volkswagen is still having to deal with the aftermath of the diesel emissions...
BBC News - Business


You Might Like

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2017 One News Page Ltd. All Rights Reserved.  |  About us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Privacy Policy  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  Help  |  Contact us  |  DMCA / Content Removal
How are we doing? Send us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter   FIND us on Google+