Sentence Next For Volkswagen in US Diesel Emissions Scandal

People walk past signage for Volkswagen AG in the company booth at the Auto Shanghai 2017 vehicle show in Shanghai China on Thursday

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.

Crude oil eases for second day on rising U.S. inventories
OPEC data showed members of the group had cut March output beyond the level they had promised. Energy Information Administration figures on Wednesday, oil could get another boost.

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.

Related News:

  • Trump eyes changes to Obama's tax and Wall Street rules

    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

    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.

    Paul George bluntly criticizes teammates in postgame press conference

    All-Star forward Paul George is all charged up this postseason, averaging 30.5 points over the first two games . Lance Stephenson is the third-leading scorer in the postseason for in , averaging 14.5 PPG off the bench.
  • Nicki Minaj - No Frauds (feat. Drake and Lil Wayne)

    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

    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".
    Washington threatens funding cut to California, other 'sanctuary' areas

    Washington threatens funding cut to California, other 'sanctuary' areas

    It's the leading source of federal justice funding to state and local jurisdictions. De Leon has been an outspoken critic of the administration's immigration crackdown.
  • GOG Is Giving Away Free Copies of Saints Row 2

    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.
    Sean Spicer apologizes for 'inappropriate, insensitive' Holocaust comment

    Sean Spicer apologizes for 'inappropriate, insensitive' Holocaust comment

    Two conservative news outlets had made a similar comparison between Hitler and Assad earlier in the week. Millions of Jews were killed in concentration camp gas chambers during the Holocaust.

    UK Parliament votes overwhelmingly in favour of early June 8 election

    The UK parliament has voted in favour of Prime Minister Theresa May's call for an early general election. Lawmakers are due to vote on the motion calling for a June 8 election after a 90-minute debate Wednesday.
  • FDA further restricts pain medication use in kids

    FDA further restricts pain medication use in kids

    These can include excess sleepiness, difficulty breastfeeding, or serious breathing problems that could result in death. It is frequently combined with other drugs in prescription and over-the-counter (OTC) cough and cold medicines.
    Fast and Furious 8: When will the saga end?

    Fast and Furious 8: When will the saga end?

    I think the movie was a huge success, the cast and crew did an incredible job with stunting and keeping the watchers entertained. I'm imagining The Rock hurling Statham across the room at a bunch of baddies like Colossus tossing Wolverine at a Sentinel.

    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.


Most liked

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.

Delhi: 1 killed after Class XII student runs over car
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.

Oil little changed amid rising US output, Opec cuts
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.

HTC Vive Comes to India Starting Rs. 92990
The HTC Vive although announced in 2015 only made it to the developers in 2016 and then finally to consumers. The Vive uses Valve's Steam VR tracking and input technologies for its providing the immersive VR experience.

Wall St. rallies as earnings lead charge
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.

'Call of Duty' WW2: Activision Confirms 'Call of Duty: WWII'
As expected, the game is indeed in development by Sledgehammer Games , the team behind Call of Duty Advanced Warfare . But thanks to a listing over at Amazon UK's site , we now know what the official box art of the game will look like.

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".

$13 a pack? NYC mayor wants highest cigarette prices in US
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.

How Dortmund bus bomber hoped to make millions
The match was postponed by 24 hours and ended in Borussia Dortmund's first home defeat in 21 matches. Several windows on the bus were shattered in the blasts, injuring defender Marc Bartra.

Ronda Rousey announces engagement to fighter Travis Browne
In a statement, the UFC president shared his joy upon hearing the news and said he couldn't wait for the wedding day. Reigning champion Amanda Nunes made short work of "Rowdy", finishing her off via brutal knockout in just 48 seconds.

Britain could see its first full day without coal
Natural gas accounted for 42 percent of generation, followed by renewable sources, with 24 percent, and nuclear at 21 percent. Britain could see its first full day without generating any electricity from coal on Friday, National Grid has said.

American Fighter Jets Intercept Russian Bombers Off Alaskan Coast
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.

After Nitish, Lalu says he will meet Sonia for unity talks
Within the Congress there is an understanding that non-NDA outfits must come together to throw a challenge to the BJP. Lalu, however, refused to be drawn into controversial issues like who would lead the non-BJP front.

No One Is Getting Fired Over Passenger Dragging Incident, Says United CEO
Dr David Dao, was forcibly removed from flight 3411 in Chicago and suffered a broken nose and concussion. The airline will also require crews to be onboard flights at least 60 minutes before departure.

Trudeau cites strong ties between Canada, Italy as he meets Italian PM
The spat was spurred by a new Canadian milk policy that US producers say violates Nafta and comes at a sensitive time for U.S. But Trump has repeatedly pledged to take a tough approach in order to strike better trade deals for American exporters.