Volkswagen emissions violations
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VW and its former CEO charged with defrauding investors in diesel scandal
The US Securities and Exchange Commission (SEC) announced that it is charging Volkswagen and its former CEO Martin Winterkorn for defrauding US investors during the company's "Dieselgate" scandal. The agency accused the company and its top executive of issuing more than $13 billion in bonds and securities in the US despite knowing that more than half a million vehicles in the market failed to meet emissions standards.
VW engineer pleads guilty to conspiracy in emissions scandal
Just when you thought Volkswagen's emissions scandal couldn't get any worse for the company, it did. James Robert Liang, a veteran Volkswagen AG engineer, pled guilty in federal court on Friday to charges of conspiring to defraud US regulatory agencies and American consumers for his part in the 10-plus year emission cheating scheme.