WASHINGTON Volkswagen AG is set to
plead guilty on Feb. 24 in Detroit to three felony counts as
part of a plea agreement with the U.S. Justice Department to
resolve an excess diesel emissions investigation, a court filing
As part of a $4.3 billion settlement with U.S. regulators,
the German automaker has agreed to sweeping reforms, new audits
and oversight by an independent monitor for three years to
resolve diesel emissions cheating investigations.
Under the settlement of charges it installed secret software
in U.S. vehicles to allow them to emit up to 40 times the amount
of legally permitted pollution, Volkswagen agreed to change the
way it operates in the United States and other countries.
The Justice Department charged VW with conspiring for nearly
10 years to cheat on diesel emissions tests. The German
automaker agreed to pay $4.3 billion in U.S. civil and criminal
In total, VW has now agreed to spend up to $22 billion in
the United States to address claims from owners, environmental
regulators, U.S. states and dealers, and offered to buy back
about 500,000 polluting vehicles.
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