VW Probe Surface Evidence of Criminal Act
U.S. Justice Department investigators found evidence of criminal wrongdoing in Volkswagen’s diesel-emissions cheating and are negotiating a settlement with the German auto maker expected to result in charges and significant financial penalties, said people familiar with the matter.
Federal prosecutors and Volkswagen lawyers have held preliminary discussions and are working to settle an anticipated criminal case before the end of the year, though the timing may slip, the people said.
Prosecutors haven’t yet decided on specific criminal charges they might bring against Volkswagen, the people said. Volkswagen last year admitted to misleading environmental regulators and consumers by installing illegal emissions-cheating software on nearly 600,000 diesel-powered vehicles in the U.S. Prosecutors have previously charged other car makers with wire fraud and concealing information from government officials for safety transgressions. -WSJ