FIRST AIRED: January 11, 2017

Nice work! Enjoy the show!

×

You’re busy. We get it.

Stay on top of the news with our Editor’s Picks newsletter.

US Edition
Intl. Edition
Unsubscribe at any time. One click, it’s gone.

Thanks for signing up!

×

Transcript

00:00:00
>> Richard Durincomp, Bern Gutwise, Yeun Toddler.>> US law enforcement going after those allegedly involved in the Volkswagen dieselgate scandal. With a $4.3 billion guilty plea settlement in hand, the US Justice Department, Wednesday, indicted six former high-ranking executives at the automaker. Over the course of conspiracy that lasted for nearly a decade they seriously abused those positions.
00:00:26
And today they are being charged with a range of crimes including conspiracy to defraud the United States, violations of the Clean Air Act, and wire fraud.>> The only problem, five of them are in Germany, and only one of them, Oliver Schmidt, was arrested in Florida last week.
00:00:43
And Lynch saying it was too early to say how matters will be resolved with Germany over the charges. But the Justice Department vowing to continue its efforts to hold people responsible for installing secret software in hundreds of thousands of US diesel cars to cheat smog tests. The FBI Deputy Director saying we can't put companies in jail, but we can hold their employees personally accountable.
00:01:07
Volkswagen admitted to cheating in 2015 and said as many as 11 million vehicles could have similar software installed worldwide. VW has already agreed to spend up to $17.5 billion in the US to resolve claims by regulators and buy back nearly .5 million polluting cars. VW still faces unresolved lawsuits from US investors in about 20 US states.
00:01:32
Much of the company's senior management has left the automaker, including chief executive Martin Wintercorn. The scandal though, seemingly not worrying buyers, as VW this week posted record sales for 2016.