8B criminal fine for emissions cheating DETROIT Volkswagen must pay a $2.
8 billion criminal fine for purposely building a diesel engine equipped with software to cheat on greenhouse gas emissions tests. District Judge Sean Cox on Friday accepted a plea agreement reached in January between the automaker and the federal government. "This is a case of deliberate massive fraud perpetrated by VW management," Cox said today. Justice Department. By imposing the fine, and accepting Volkswagen agreement to be overseen by a federal monitor, the judge also accepted the deal between the government and the company. law allowed, which would have ranged from $17 billion to $34 billion. Environmental Protection Agency charged the automaker with wrongdoing in September 2015. consumers and dealers who own the automaker diesel vehicles. However, the automaker also spent months trying to conceal the device even after the California Air Resources Board began asking questions. In a span of several weeks, about 40 employees at Volkswagen and Audi destroyed thousands of emails and documents in the days before the company admitted wrong doing to regulators, according to the forthcoming book Faster, Higher, Farther, by Jack Ewing. Cox initially said the government agreement might not be enough. On Friday, Cox noted that consumers and low level employees are those that were hurt the most by Volkswagen actions. Even so, Cox overruled jimmy choo black and white shoes several objections to the plea agreement that would have allowed individuals to seek criminal restitution from the courts. Cox said individual owners of the affected cars are able to pursue repairs or reimbursements through a separate multi billion civil settlement Volkswagen has already agreed to. "This corporate greed, this failure of management cost VW billions and billions of dollars," Cox said. "The individuals who will be hurt the most are the working men and women at VW," who likely will not get bonuses or raises because of the financial burden caused by actions of higher ranking company officials." Before Cox imposed his jimmy choo shoes india sentence Manfred Doess, the automaker general counsel, again appeared on behalf of the world largest automaker to apologize and vowed that the company corporate culture is changing. "This conduct was not consistent with the values of this jimmy choo glitter trainers company and plain and simple it was wrong. We let people down and for that we are deeply sorry," Doess said. "Volkswagen today is not the same company that it was 18 months ago," he said. Cameras Hurricane Central Health Detail Wednesdays Weather Kid Local Medical Minute CBS19 Investigates CBS19 This Morning Money News for Your Family Back to Class More.
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