Volkswagen pleaded guilty Friday to multiple criminal charges stemming from its diesel scandal, Reuters reports.
It pleaded guilty to fraud, obstruction of justice and falsifying statements. Manfred Doess, VW's general counsel, made the plea after receiving authorization from the board to do so.
It marks the first time VW admitted guilt in any court in the world, according to a VW spokesman speaking to Reuters.
The judge overseeing the case in the US District Court in Detroit accepted the plea and will issue a sentence at a hearing on April 21.
"The agreements that we have reached with the US government reflect our determination to address misconduct that went against all of the values Volkswagen holds so dear," Volkswagen said in an emailed statement. "The plea today is another important step forward for our company and all our employees, and we look forward to concluding this matter at the next hearing on April 21, 2017."
Volkswagen ended up in hot water in 2015, after it admitted to willfully deceiving regulators around the world. Software in some of its diesel vehicles could identify lab testing environments and curb pollution, only to emit well in excess of legal limits once out on the road.
After admitting to its malfeasance, Volkswagen promised a mixture of reforms and audits, which included independent oversight for three years. Executives stepped down, and the company has settled with owners and regulators at the cost of tens of billions of dollars.
The road to Dieselgate's conclusion still has plenty of pavement, though. The company is still under investigation by the Securities and Exchange Commission and Internal Revenue Service. And that's in the US alone -- these cars were shipped worldwide, so the automaker must deal with governments and customers around the world.
Latest Stories
-
Kpando NCCE holds dialogue for Parliamentary Candidates
8 mins -
Bawumia solicits support of CSOs to tackle ‘entrenched interests’ in corruption fight
11 mins -
I’m looking forward to working with CSOs, research institutions; they have a lot to offer – Bawumia
14 mins -
The former illegal miner who became valedictorian: Eliasu Yahaya Bansi’s KNUST journey
26 mins -
Prof Opoku-Agyemang slams gov’t over supply of ‘expired’ rice to Senior High Schools
31 mins -
‘Expired rice’: FDA fines Lamens Investments GH¢100k for regulatory violations
35 mins -
No student has been served unwholesome meals – Nana Boakye
49 mins -
Galamsey has left our river deities powerless – Fetish Priest laments
1 hour -
It was unfair to destroy Leslie’s Fantasy Dome – Okraku-Mantey
1 hour -
Expired rice scandal: We won’t jeopardize people’s health or safety for any reason – FDA
1 hour -
UniMAC to host public forum on democracy and communication
2 hours -
Expired Rice Scandal: Ablakwa slams Lamens Company for “Criminal” acts
2 hours -
Avoid the use of vituperative expressions in your campaigns – NCCE
2 hours -
No petroleum revenue allotment to industrialisation in first half of 2024 – PIAC report
2 hours -
Baba Sadiq motivated me to vie for MP position – Okraku-Mantey
2 hours