Oliver Schmidt gets prison, must pay fine in dieselgate scandal
VW Diesel Scandal
The goal: To be No. 1 in EVs.
Billions for U.S. owners, but a payout in Germany is far less likely.
This is the first part of the price VW will pay in its diesel emissions settlement.
A probe by German prosecutors includes investigating whether VW disclosed details promptly.
And the cheating saved VW 1.5 billion euros it would've had to spend to comply with regulations.
But the company is still moving to EVs.
Diesels have been 1 percent of Mercedes' US sales, so perhaps seeking certification wasn't worth the hassle.
The post-Dieselgate comeback.
Six months on, VW has made significant progress in buying back cars affected by the diesel emissions scandal.
A 99 percent federal cut to the vehicle testing budget.
The settlement covers states including New York, Connecticut, Massachusetts, Pennsylvania and Washington, as well as some consumer claims.
And now the owners of the stadium where the cars are being held is in legal trouble.
VW will either fix or buy back about 78,000 Volkswagens, Audis, and Porsches with V6 diesel engines.
The company issues a different kind of travel warning.
He is expected to face charges in Detroit.
Good news for 70,000 owners of 2015 VW and Audi diesels.