Volkswagen Pleads Guilty in U.S. Emissions-Cheating Scandal
- Judge sets sentencing for April 21, saying more time needed
- VW had agreed to pay $4.3 billion for criminal, civil claims
VW Sticking to Strategy Amid PSA-Opel Deal, CEO Says
This article is for subscribers only.
Volkswagen AG pleaded guilty to misleading U.S. regulators and customers by hiding emission levels on diesel vehicles and obstructing investigations when authorities grew suspicious. Sentencing was put off until April 21.
VW entered the formal plea in Detroit federal court Friday as it agreed to do two months ago as part of a $4.3 billion deal to settle claims over the emissions scandal. Under the agreement with the U.S. government, VW would pay a $2.8 billion fine and $1.5 billion in civil penalties.