Volkswagen pleaded guilty in federal court Friday to fraud, obstruction of justice, and falsifying statements, as part of a $4.3 billion settlement with federal regulators on the company’s decade-long scheme to sell diesel vehicles containing software designed to cheat on U.S. emissions tests.
As part of the plea, VW agreed to pay a $2.8 billion criminal fine. In January 2017, VW had agreed to plead guilty to resolve the criminal charges.
“Eighteen months after news of Volkswagen’s emission scandal broke, we're glad to see the company finally admit to criminal wrongdoing,” said Mike Litt, consumer program advocate at U.S. PIRG Education Fund. “This kind of company admission is a big deal.”