The company said it is "fully cooperating with all government agencies.”
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 automaker already agreed to pay $15.3 billion over its emissions scandal.
Despite promises of transparency, VW will probably never reveal what transpired that set the company on this self-destructive path. But perhaps we can cull a cautionary ethics tale from this still unfolding scandal.
Governments and business can no longer conceal the death toll, and publics are unwilling to tolerate it. Governments are acting. The VW settlement is not the only regulatory crackdown on internal combustion engines.
In one of the most creative and ambitious environmental enforcement settlements in U.S. history, we are addressing the immediate pollution issue VW caused and, at the same time, setting a new precedent for long term benefits that can be achieved under the Clean Air Act.
There's no denying that TDI versions of the Jetta, the Passat and the Touareg are excellent vehicles. The diesel engine means
The settlement would be the largest ever automotive buyback offer in U.S. history and most expensive auto industry scandal.