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VW pleads guilty in emissions scandal – will pay $4.3 billion


Volkswagen has pleaded guilty in the diesel emissions cheating scandal and the company will pay a fine of $4.3 billion.
In 2015, The US Environmental Protection Agency and the California Air Resources Board revealed findings that showed Volkswagen cheated on its environmental standards.
While testing VW diesel cars, they detected manipulations which violated American environmental standards.
Volkswagen had installed software in its TDI-branded vehicles and Audi diesel models that was designed to circumvent emissions standards for certain air pollutants.
Former Volkswagen CEO Martin Winterkorn apologised for the move, saying he was “deeply sorry that we have broken the trust of our customers and the public”.
Volkswagen has now admitted to wrongdoing and took a plea deal, which was announced by the US Justice Department on Wednesday.
“Six high-level Volkswagen employees have been indicted by a grand jury in the company’s diesel emissions cheating scandal,” reported AP.

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