VW diesel settlement extends to auto lendingFri, 13, Jan 2017
Volkswagen's settlement in connection with its diesel emissions scandal has spilled over into the vehicle-financing business. VW has agreed to pay $50 million in civil penalties to settle alleged violations of the law, after the Justice Department essentially charged it with tapping U.S. markets to finance fraud.
U.S. indicts three ex-Takata executives; criminal settlement reachedFri, 13, Jan 2017
The federal government charged Takata with criminal wrongdoing on Friday in connection with airbag inflator ruptures linked to at least 16 deaths worldwide. The company was charged with a single felony count of wire fraud. It was expected to plead guilty to the charge as part of a $1 billion deal with the Justice Department.
Takata to plead guilty, pay victims and automakers in $1 billion deal, reports sayThu, 12, Jan 2017
Takata is expected to agree to plead guilty to fraud charges Friday as part of a $1 billion settlement with the U.S. Justice Department to resolve the government's investigation into deadly air bag ruptures, sources said.
Fiat Chrysler faces U.S. criminal emissions probe, report saysFri, 13, Jan 2017
Fiat Chrysler is under investigation by the Justice Department over its alleged failure to disclose software that violated emissions standards, people familiar with the matter told Bloomberg -- another legal hurdle for a company already under criminal scrutiny for its sales practices.
VW criminal probe moves forward as U.S. pursues unindicted co-conspiratorsWed, 11, Jan 2017
Justice Department officials confirmed that unindicted co-conspirators remain in their ongoing investigation of Volkswagen AG's diesel emissions scandal and that three of the six VW executives already publicly charged are still employed by the automaker.
U.S. judge orders VW executive detainedThu, 12, Jan 2017
VW officials destroyed files, emails as diesel cheating unraveled, U.S. prosecutors sayThu, 12, Jan 2017
Volkswagen's plot to cheat emissions tests was quickly unraveling by 2015. On August 19, an employee told regulators for the first time that VW's diesel cars were designed to behave differently during tests, leading some executives and engineers to begin deleting files and emails, U.S. prosecutors claim.
VW pleads guilty, agrees to $4.3 billion settlement; five more executives chargedWed, 11, Jan 2017
Volkswagen took a major step toward resolving one of the darkest chapters in its history Wednesday, pleading guilty to an emissions-cheating scandal and agreeing to pay $4.3 billion in criminal and civil charges as the U.S. announced charges against five new individuals in Germany.
VW managers warned to stay in Germany as U.S. charges nearTue, 10, Jan 2017
Volkswagen has negotiated a concrete draft of a criminal and civil settlement worth $4.3 billion with the U.S. Justice Department and said the impact of the accord on its 2016 financial results cannot yet be defined.
Volkswagen executives indicted by S. Korea prosecutorsWed, 11, Jan 2017
South Korean prosecutors indicted seven current and former executives and employees of Volkswagen Group's local unit for alleged violation of the Clean Air Conservation Act and other charges as part of a year-long investigation into emissions cheating at the group.
High-level VW executives could face U.S. charges, report saysMon, 09, Jan 2017
U.S. prosecutors are planning to charge high-level Volkswagen executives based in Germany over the automaker's diesel-cheating scandal, a person familiar with the matter told Bloomberg, after the FBI arrested a manager in the U.S. for allegedly misleading regulators.