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Congress Ponders New VW Diesel Emissions Probe
The U.S. Congress may launch a new investigation into Volkswagen AG’s diesel emission cheating scandal that will focus on executive involvement.
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The U.S. Congress may launch a new investigation into Volkswagen AG’s diesel emission cheating scandal that will focus on executive involvement.
Rep. Darrell Issa (R-Calif.) tells Bloomberg News that a probe is “almost inevitable” because of continuing evidence of a broader “global conspiracy” by senior executives to condone and hide the cheating. Issa says a panel could begin collecting testimony as soon as April.
VW and U.S. government units reached a $15 billion settlement in 2016 that covers some 475,000 4-cylinder diesels rigged with illegal software to evade emission standards. The carmaker admitted to similar manipulation of another 10.5 million diesels in other markets, including 8.5 million units in Europe.
Since then, Issa says, “There is a growing sense [that] executives need to be held accountable.” Earlier this week prosecutors in Germany raided the homes of two former board members of VW Group’s Audi unit as part of their widening probe into executive involvement in the cheating.
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