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 lots of electric trucks. . .Grand Highlander. . .atomically analyzing additive. . .geometric designs. . .Dodge Hornet. . .
EVs slowdown. . .Ram’s latest in electricity. . .the Grand Highlander is. . .additive at the atomic level. . .advanced—and retro—designs. . .the Dodge Hornet. . .Rimac in reverse. . .
-
GAC, CATL Partner on Two Battery Ventures
Two new battery ventures are being formed in China by domestic carmaker Guangzhou Automobile Group Ltd. and battery giant Contemporary Amperex Technology Ltd.
-
Special Report: Toyota & Issues Electric
Although Toyota’s focus on hybrid powertrains at the seeming expense of the development of a portfolio of full battery electric vehicles (BEVs) for the market could cause some concern among those of an environmental orientation, in that Toyota doesn’t seem to be sufficiently supportive of the environment, in their estimation. Here’s something that could cause a reconsideration of that point of view.
