Volkswagen approves emissions fix but could lose more executives
WASHINGTON D.C. (WDEF) – This was the day that Volkswagen was supposed to finally turn the page on the emissions scandal in the U.S.
But instead, new headlines.
The company pleaded guilt to charges in the U.S. and agreed to pay $4.3 billion dollars in penalties.
VW officials admitted to using false statements to import cars and obstructing justice.
The total cost of settling with car owners and the government could top $20 billion making it one of the most expensive corporate scandals ever.
But instead of turning the page, prosecutors in Washington announced new charges against six more company officials.
One was arrested in Florida this week, while the other five are in Germany.
The include a former head of the company’s brand and the leader of engine development.