Mexican Media Brands
VW Still Faces Possible U.S. Criminal Charges Over Diesel Cheating
Volkswagen AG’s $15.3 billion settlement resolves multiple civil fines and lawsuits over cheater diesels the company sold in the U.S. But the company still could face major criminal charges related to its wrongdoing.
#legal
Share
Volkswagen AG’s $15.3 billion settlement resolves multiple civil fines and lawsuits over cheater diesels the company sold in the U.S. But the company still could face major criminal charges related to its wrongdoing.
The U.S. Dept. of Justice is pursuing a criminal investigation launched in March into possible bank or wire fraud under the Financial Institutions Reform, Recovery and Enforcement Act. DoJ is looking into possible charges that VW used false claims to boost the market value of its diesels, according to The Wall Street Journal.
The newspaper said four months ago the department also is weighing a separate charge of tax fraud, which would claim VW is responsible for winning federal tax credits for customers who bought the company’s supposedly ultra-low-emission diesels.
RELATED CONTENT
-
On Audi's Paint Colors, the Lexus ES 250, and a Lambo Tractor
From pitching a startup idea to BMW to how ZF is developing and using ADAS tech to a review of the Lexus ES 250 AWD to special info about additive at Toyota R&D. And lots in between.
-
On Electric Pickups, Flying Taxis, and Auto Industry Transformation
Ford goes for vertical integration, DENSO and Honeywell take to the skies, how suppliers feel about their customers, how vehicle customers feel about shopping, and insights from a software exec
-
Revolutionary Hydrogen Storage Tank Design Could Propel H2 Deployment
Rather than storing hydrogen in a large cylindrical tank, Noble Gas has developed a conformal system
