VW to plead guilty in emis­sions case

New Straits Times - - Business World -

Volk­swa­gen AG (VW) is set to plead guilty to three felony counts in the Jus­tice Depart­ment’s diesel emis­sions in­ves­ti­ga­tion, as the Ger­man car­maker seeks to move past its cheating scan­dal. As part of a plea agree­ment with United States pros­e­cu­tors an­nounced in Jan­uary, the com­pany agreed to sweep­ing re­forms, new au­dits and over­sight by an in­de­pen­dent mon­i­tor for three years. VW agreed to change the way it op­er­ates in the US and other coun­tries.

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