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.

Share on
Share on
Post on 
Share by

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

Jailed Volkswagen exec to plead guilty in US diesel scandal

DETROIT (AP) — A court spokesman in Detroit says a German Volkswagen executive plans to plead...
Seattle Times - Front PageAlso reported by •USATODAY.comL.A. TimesEnergy Daily

VW's settlement in emissions scandal reaches USD 1.3 billion

California says Volkswagen will pay the state another USD 154 million in penalties and costs over the...
DNA - Money

Audi recalls 850,000 diesel cars worldwide

The German auto manufacturer Audi AG announced that it will recall up to 850,000 cars with...
BGR India - Technology

Say hello to Porsche’s first all-electric production car

As Porsche gears up for its first push in the electric space, the automaker is also considering...
S.China Morning Post - Lifestyle

Audi to update 850,000 cars as diesel recalls widen

BERLIN (AP) — German automaker Audi says it will fit up to 850,000 diesel cars with new software to...
SFGate - TechnologyAlso reported by •SeattlePI.com

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+