1. Volkswagen Pleads Guilty in U.S. Court in Diesel Emissions scandal

    Volkswagen Pleads Guilty in U.S. Court in Diesel Emissions scandal

    A U.S. flag flutters in the wind above a Volkswagen dealership in Carlsbad, California, U.S. May 2, 2016. REUTERS/Mike Blake/File Photo March 10, 2017 By Nick Carey and David Shepardson DETROIT/WASHINGTON (Reuters) – Volkswagen AG pleaded guilty on Friday to three felony counts as part of a $4.3 billion settlement reached with the Justice Department in January over the automaker’s massive diesel emissions scandal. VW general counsel Manfred Doess made the plea on the company’s behalf after he ...

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    1. Your honor, VW AG is pleading guilty to all three counts because it is guilty on all three counts.
    2. This a very, very, very serious crime. It is incumbent on me to make a considered decision.
    3. Volkswagen deeply regrets the behavior that gave rise to the diesel crisis. The agreements that we have reached with the U.S. government reflect our determination to address misconduct that went against all of the values Volkswagen holds so dear.
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