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Volkswagen pleads guilty as part of US$4.3b US diesel emission settlement

Tuesday, March 14, 2017 - 05:50

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VW has agreed to spend up to US$25 billion in the US to address claims from owners, environmental regulators, states and dealers, and has offered to buy back about 500,000 polluting US vehicles.

Detroit

VOLKSWAGEN AG pleaded guilty on Friday to fraud, obstruction of justice and falsifying statements as part of a US$4.3 billion settlement reached with the US Justice Department in January over the carmaker's diesel emissions scandal.

It was the first time the company has

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