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Volkswagen AG has pleaded guilty to three felonies and agreed to pay $4.3 billion in criminal and civil penalties related to its emissions scandal, the U.S. Department of Justice has announced.
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Volkswagen is reportedly in negotiations to establish two funds to provide payments to regulars following the diesel emissions scandal. The funds would go toward promoting clean transportation.
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The U.S. Department of Justice (DOJ) sent Volkswagen a subpoena under the Financial Institutions Reform, Recovery and Enforcement Act of 1989.
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The U.S. Department of Justice agrees to defer prosecution and dismiss its case as long as Toyota complies with all agreement terms, which include submitting to an independent monitor.
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The deal could finally close a four-year criminal inquiry into the automaker’s actions surrounding the investigation of sudden-acceleration claims.
Read More →The U.S. Dept. of Justice (DOJ) is fining nine auto parts suppliers a total of $740 million in what the DOJ described as “separate conspiracies” to fix the prices of more than 30 different products sold to U.S. auto manufacturers and the U.S. subsidiaries of a number of Japanese automakers.
Read More →WASHINGTON -- A Virginia man on Sept. 26 pleaded guilty in federal court to selling counterfeit General Motors automotive diagnostic devices used by mechanics to identify vehicle safety issues, the U.S. Department of Justice announced.
Read More →WASHINGTON – TRW Deutschland Holding GmbH, a Germany-based subsidiary of U.S.-based TRW Automotive Holdings Corp., has agreed to plead guilty for its involvement in a conspiracy to fix prices of seatbelts, airbags and steering wheels. The parts were sold to two German automobile manufacturers and installed in cars sold in the U.S., the Department of Justice announced.
Read More →WASHINGTON – Stockholm-based Autoliv Inc. has agreed to plead guilty for its role in a conspiracy to fix prices of seatbelts, airbags and steering wheels installed in U.S. cars, as well as the company’s role in a separate conspiracy to fix prices of seatbelts, the Department of Justice announced.
Read More →WASHINGTON – The former chairman of a Taiwan aftermarket auto lights manufacturer has agreed to plead guilty for his participation in an international conspiracy to fix the prices of aftermarket auto lights, the Department of Justice announced on Feb. 24.
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