Sentence Next For Volkswagen in US Diesel Emissions Scandal
In an unprecedented settlement, Volkswagen has been ordered to pay $2.8 billion to the U.S.as a criminal penalty in court, pushing the company's massive emissions scandal closer to its end.
"The agreements that we have reached with the USA government reflect our determination to address misconduct that went against all of the values Volkswagen holds so dear", the statement said, in part.
Cox had wanted more time to consider the plea deal and fine negotiated by VW and the U.S. Justice Department.
Part of the agreement calls for federal monitoring of future business operations.
VW eventually admitted that the cars were programmed to turn pollution controls on during testing and off while on the road. Volkswagen has pledged to develop more battery-powered vehicles in the coming years.
Volkswagen, now the world's largest automaker, could have been fined anywhere from $17 billion to $34 billion under US law but was said to be cooperative, engaged - save for a few executives and workers who obstructed the investigation - and actively correcting its corporate culture. Volkswagen at first denied the use of the so-called defeat device but finally admitted it in September 2015.
Separately, an engineer who pleaded guilty to criminal conduct for helping Volkswagen cheat on emissions tests, James Liang, is scheduled to be sentenced in May.
Former U.S. Deputy Attorney General Larry Thompson has been selected as the Independent Compliance Monitor to make sure the automaker complies with federal regulators and the terms of the criminal and civil settlements.
The wide-ranging scandal, which began in 2005 as the automaker raced to develop an engine created to meet tougher USA regulations, has caused a massive shakeup of the company's top executives, even though none of them have admitted to wrongdoing. One executive is in custody and awaiting trial and another pleaded guilty and agreed to cooperate. Judge Cox accepted Volkswagen's guilty plea in March to criminal charges, but postponed sentencing until Friday.
"There is a company-wide commitment from the highest levels of leadership to continue with these reforms", he said.
"We have taken significant steps to strengthen accountability, enhance transparency and build a better company and we look forward to working closely with Mr. Thompson as we press forward with the biggest change process in Volkswagen's history", said Ms. Hiltrud Werner, Board Member of Integrity and Legal Affairs at Volkswagen AG.
Earlier in the day, OPEC released promising reports that showed that production dropped more than initially expected last month. Brent for June settlement was 16 cents higher at $56.39 a barrel on the London-based ICE Futures Europe exchange.
Facebook (FB) shares rose 1.3% a day after the social media company announced a new cameras-based augmented reality platform. Elsewhere, Charles Schwab rose 71 cents, or 1.9 percent, to $38.62 and Prudential climbed $1.42, or 1.4 percent, to $104.99.
He described her condition as alternating between "stoic" and "emotional", understandable given the circumstances, he said. The former teacher is due in a California court Friday, facing federal and state charges stemming from her disappearance.
The next day, two Russian bombers were seen only 41 miles from Alaska, though still in global airspace. Two Russian bombers were intercepted by the USA military again Thursday, according to Air Force Capt.
The accident took place near Delhi's Kashmiri Gate, after a vehicle driven by a class 12 student ran over a footpath. Eyewitnesses have told the cops that the auto drove zigzag on the Ring Road before climbing onto the footpath.
The proposal also advocates the creation of a retail license for e-cigarettes, as well as limiting the number of sellers. Treating e-cigarettes the same as regular tobacco cigarettes doesn't make sense from a public health standpoint.
The officers who fired their weapons during the incident will be placed on administrative leave while an investigation continues. A witness told the Seattle Times that the suspects attempted to steal chips, soda and a case of Heineken from the store.
More than a dozen states, including Arizona, have tried withholding funds from Planned Parenthood in recent years. Holt concluded that the law " reverses a rule that was finalized" shortly before President Obama left office.
United CEO got $18.7 million in compensation
PPP discovered Trump fares worse than United, with 52 percent of respondents considering him unfavorably and 43 percent favorably. Like an earlier ban that also included Iraqi citizens, it has been blocked from taking effect by United States courts.
Nicki Minaj - No Frauds (feat. Drake and Lil Wayne)
Five were killed and 40 were left injured after the attack, which, according to reports, took place the day after Nicki filmed. One fan sent a message to the singer, saying: "I'm gonna find that wall by Westminster bridge and sit on it just like you".
Hernandez lawyer wants murder conviction erased
It may never be clear why Hernandez would kill himself just days after he was cleared of two additional murder charges. Leontire was harshly critical of state authorities. "We have not been told any of the circumstances around his death".
Projected Mayweather vs McGregor Purse
Billed as The Fight of the Century , the fight did an estimated 4.6 million PPV buys. "He ( Mayweather ) feels like he's the A-side and he should get more of it".
Trump eyes changes to Obama's tax and Wall Street rules
Grant, director of equity trading at KBW, who said solid earnings reports also supported stocks during the session Thursday. He would not provide details of the plan, saying only that the tax cuts will be "bigger I believe than any tax cut ever".
In Green Bay, in December? More on the Bucs in cold weather
For a secure method to buy and sell tickets, the Packers encourage fans to use NFL Ticket Exchange, http://pckrs.com/2017tickets. Christmas comes early for the Seahawks this season as they play the Cowboys Christmas Eve in Dallas for their Week 16 matchup.
GOG Is Giving Away Free Copies of Saints Row 2
The real steal is the free copy of Saints Row 2 that's available to anyone with a GOG account for the next two days or so. You get to keep them on Steam for the steam hoarders but you also have the option to download DRM-free versions on GOG.
UC Berkeley calls off Ann Coulter talk for security reasons
The violence Saturday was further heightened later in the day as far-left activists and far-right activists joined the fray. Coulter took to Twitter to reject the offer, saying she will appear next Thursday as originally planned. "I'm an American.
Keane to part ways with Burnley
He's made 41 appearances across all competitions for Pochettino's side this season, scoring two goals in the process. Paul Merson is backing Manchester United to edge towards a 2-1 win against Burnley at Turf Moor on Sunday afternoon.