Oliver Schmidt, who oversaw the automaker's regulatory compliance office, faces fraud charges.
Have you ever thought about switching to an electric vehicle (EV)? Duped drivers of so-called "clean diesel" Volkswagen cars in particular may be in the market.
The settlement would be the largest ever automotive buyback offer in U.S. history and most expensive auto industry scandal.
The cars used sophisticated software to evade U.S. emission rules.
"This case has ingredients I've spent my life working on."