Volkswagen AG sentenced in emissions-cheating scandal


The Financial Times reported that Cox approved a settlement between the auto maker and the United States justice department following Volkswagen pleading guilty and called the cheating "a case of deliberate and massive fraud". "As always it's the little guy".

In January, Volkswagen also agreed to pay $1.5 billion to the United States to settle its civil environmental, customs, and financial violations.

In addition to the $2.8 billion Volkswagen is being forced to pay to the USA government, they are also being required to pay $1.5 billion in a civil case, as well as spending an additional $11 billion to buy back cars and offer additional compensation.

The $2.8 billion fine is part of a larger $4.3 billion settlement reached in January between Volkswagen and the the U.S. Justice Department.

"This is a deliberate and massive fraud perpetrated on the American consumer, and it would seem, consumers throughout the world", he said. By imposing the fine, and accepting Volkswagen's agreement to be overseen by a federal monitor, the judge also accepted the deal between the government and the company.

Separately, VW is paying $1.5 billion in a civil case brought by the US government and spending $11 billion to buy back cars and offer other compensation to customers.

More news: In US UC Berkeley headed for showdown with right-wing commentator
More news: Real Madrid star reveals what he thinks of signing Eden Hazard
More news: Oil well leaking out of control on Arctic Alaska North Slope

The U.S. Justice Department has charged seven current and former VW executives with crimes related to the scandal.

Neal argued that 95% of those who owned Volkswagen's with affected diesel engines are participating in the civil settlement that allows owners to either sell their vehicle back to the company or terminate their lease without an early termination penalty. "Plain and simple, it was wrong", he said.

VW eventually admitted that the cars were programmed to turn pollution controls on during testing and off while on the road.

US regulators confronted VW about the cheating software after West Virginia University researchers discovered differences in testing and real-world emissions of harmful nitrogen oxide.

"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. "Volkswagen today is not the same company it was 19 months ago".