Fri Apr 21, 2017, 12:37 PM
Eugene (30,858 posts)
Judge sentences Volkswagen to $2.8B criminal fine for emissions cheating
Source: Detroit Free Press
DETROIT — Volkswagen must pay a $2.8 billion criminal fine for purposely building a diesel engine equipped with software to cheat on greenhouse gas emissions tests.
U.S. District Judge Sean Cox on Friday accepted a plea agreement reached in January between the automaker and the federal government.
Cox said the $2.8 billion criminal penalty is large enough, even though Volkwagen's offenses, spanning a decade, were done on purpose.
"This is a case of deliberate massive fraud perpetrated by VW management," Cox said today. "This case also involves a failure of the VW supervisory board, which is government, labor and shareholders."
Read more: https://www.usatoday.com/story/money/cars/2017/04/21/volkswagen-diesel-scandal-hearing/100739290/
Brent Snavely, Detroit Free Press Published 10:56 a.m. ET April 21, 2017 | Updated 1 hour ago
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