Volkswagen Says It Will Plead Guilty In Vehicle Emissions Scandal

VW plans to settle civil and criminal investigations into an emissions cheating scandal by admitting guilt and paying fines.
SMS
Volkswagen Says It Will Plead Guilty In Vehicle Emissions 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. 

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. 

Featured Stories
Emergency services treat a victim near Westminster Bridge.

The UK Parliament Attacker Was Investigated For 'Violent Extremism'

Robert Bork and President Ronald Reagan

'Borked': How A 1987 SCOTUS Nominee Still Affects Nominations Today

Rex Tillerson

Exxon Mobil Must Turn Over More Documents And 'Wayne Tracker' Emails