Last fall, Volkswagen admitted to installing illegal software on its diesel vehicles in order to cheat pollution emissions tests, defrauding the purchasers of up to 11 million vehicles worldwide.
CEO Martin Winterkorn resigned in the immediate wake of the scandal, and 9 VW executives were suspended.
The US Justice Department has since launched a lawsuit against the company seeking up to $46 billion under the Clean Air Act, and 47 state attorneys general have opened their own investigations. The Justice Department has not ruled out criminal charges against VW. Continue reading →