Volkswagen will plead guilty to three felony counts and pay a $2.8 billion criminal penalty for its roll in an emissions scandal, the Justice Department announced today.
The company will pay another $1.5 billion in separate civil proceeds of environmental, customs and financial claims. At the same time, a federal grand jury indicted six VW executives and employees for their role in the scandal.
VW and the named executives are accused of misleading consumers for nearly 10 years about the emissions standards of their vehicles by manipulating software to circumvent the US testing process.
“Volkswagen’s attempts to dodge emissions standards and import falsely certified vehicles into the country represent an egregious violation of our nation’s environmental, consumer protection and financial laws,” said Attorney General Lynch. “Today’s actions reflect the Justice Department’s steadfast commitment to defending consumers, protecting our environment and our financial system and holding individuals and companies accountable for corporate wrongdoing. In the days ahead, we will continue to examine Volkswagen’s attempts to mislead consumers and deceive the government. And we will continue to pursue the individuals responsible for orchestrating this damaging conspiracy.”
Click here to read the full Department of Justice announcement.