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Found 4 results

  1. Volkswagen is facing criminal charges over the diesel emission scandal in the U.S. The Wall Street Journal reports that investigators from the U.S. Justice Department have found evidence of criminal wrongdoing. It is unclear what the evidence is. According to sources, federal prosecutors are still trying to figure out what charges should be brought against Volkswagen. Sources go on to say that prosecutors and lawyers from Volkswagen have held preliminary discussions about the case. The two parties are trying to reach a settlement before the end of the year. A matter up for debate is whether the Justice Department will seek a guilty plea or a deferred prosecution agreement; a deal with the U.S. Government would aim to dismiss the charges at a later date if the automaker complies to terms of a settlement. Both Toyota and General Motors have gone down this route recently, dealing with safety issues. Investigators have been reviewing over 1.5 million documents as part of the criminal probe. Deputy Attorney General Sally Yates said back in June the probe involved “multiple individuals.” It is unknown if prosecutors are planning to charge Volkswagen employees over the diesel emission scandal. If so, they would need to be extradited from Germany to have their day in court. Source: The Wall Street Journal (Subscription Required)
  2. Volkswagen is facing criminal charges over the diesel emission scandal in the U.S. The Wall Street Journal reports that investigators from the U.S. Justice Department have found evidence of criminal wrongdoing. It is unclear what the evidence is. According to sources, federal prosecutors are still trying to figure out what charges should be brought against Volkswagen. Sources go on to say that prosecutors and lawyers from Volkswagen have held preliminary discussions about the case. The two parties are trying to reach a settlement before the end of the year. A matter up for debate is whether the Justice Department will seek a guilty plea or a deferred prosecution agreement; a deal with the U.S. Government would aim to dismiss the charges at a later date if the automaker complies to terms of a settlement. Both Toyota and General Motors have gone down this route recently, dealing with safety issues. Investigators have been reviewing over 1.5 million documents as part of the criminal probe. Deputy Attorney General Sally Yates said back in June the probe involved “multiple individuals.” It is unknown if prosecutors are planning to charge Volkswagen employees over the diesel emission scandal. If so, they would need to be extradited from Germany to have their day in court. Source: The Wall Street Journal (Subscription Required) View full article
  3. Last year, federal prosecutors in Manhattan and the F.B.I. opened an investigation into General Motors into its handling of the ignition switch defect. The investigation focused on whether the automaker failed to comply with federal safety laws stating that an automaker must disclose vehicle defects in a timely fashion and misleading federal regulators on the full extent of problem. The result of their investigation showed that GM did commit criminal wrongdoing. The New York Times reports investigators from the Justice Department have found criminal wrongdoing in the failure of GM of disclosing a defect tied to at least 104 deaths. People briefed on the inquiry say the two parties are negotiating what misconduct the company would admit to and a settlement. The Times says the amount will eclipse the $1.2 billion paid by Toyota last year for not disclosing its problem with unintended acceleration. Now the settlement will include a so-called 'cooperation credit' as GM helped out in the Justice Department's investigation. “We are cooperating fully with all requests. We are unable to comment on the status of the investigation, including timing,” said GM in a statement. Also under investigation are former GM employees, some who were dismissed last year could face criminal charges. Source: The New York Times View full article
  4. Last year, federal prosecutors in Manhattan and the F.B.I. opened an investigation into General Motors into its handling of the ignition switch defect. The investigation focused on whether the automaker failed to comply with federal safety laws stating that an automaker must disclose vehicle defects in a timely fashion and misleading federal regulators on the full extent of problem. The result of their investigation showed that GM did commit criminal wrongdoing. The New York Times reports investigators from the Justice Department have found criminal wrongdoing in the failure of GM of disclosing a defect tied to at least 104 deaths. People briefed on the inquiry say the two parties are negotiating what misconduct the company would admit to and a settlement. The Times says the amount will eclipse the $1.2 billion paid by Toyota last year for not disclosing its problem with unintended acceleration. Now the settlement will include a so-called 'cooperation credit' as GM helped out in the Justice Department's investigation. “We are cooperating fully with all requests. We are unable to comment on the status of the investigation, including timing,” said GM in a statement. Also under investigation are former GM employees, some who were dismissed last year could face criminal charges. Source: The New York Times

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