Former VW executive to plead guilty in emissions cheating case

VW exec expected to plead guilty for Dieselgate, could get 169 years

VW Exec To Plead Guilty In Emissions Cheating, Faces Up To 169 Years In US Prison

His lawyers disclosed the plan during a brief conference with a judge, spokesman David Ashenfelter said.

Oliver Schmidt, a German citizen who for several years headed Volkswagen's environment and engineering office in Auburn Hills, Mich., faces charges that he conspired to defraud US officials and customers with diesel-powered vehicles featuring illegal software that duped government emissions tests.

Earlier in July, the Justice Department charged former Audi manager Giovanni Pamio with directing employees to design software enabling thousands of Audi diesel cars to beat USA emissions tests.

Even after setbacks such as fines, settlements, recalls, and fixes associated with the dieselgate scandal, Volkswagen set a new record for deliveries in 2016, delivering 10.3 million vehicles worldwide, up 3.8% year-over-year, and surpassing Toyota as the global leader in automotive volume sales in this process.

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Mr. Schmidt is one of eight individuals charged in the Volkswagen's emissions cheating. In the USA alone, legal settlements could cost Volkswagen more than $25 billion depending on how many vehicles the auto maker ends up repurchasing to compensate consumers.

Earlier in July the Justice Department charged Giovanni Pamio, a former manager from Audi, a Volkswagen subsidiary, with directing employees to design emission-cheating software.

Numerous other managers charged are believed to be in Germany, making extradition to the US unlikely.

James Liang, a VW employee who pleaded guilty to misleading regulators, is cooperating with prosecutors and will be sentenced on August 25.

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Judges have denied Mr. Schmidt's attempts to be released from prison on bond amid concerns he would flee before appearing for required court dates.

Among the charges brought against him, Schmidt features major accusations including multiple wire frauds and conspiracy to defraud the federal government-among nine other felonies.

Back in January, the Federal Bureau of Investigation arrested Volkswagen executive Oliver Schmidt on charges related to the automaker's diesel scandal. Schmidt was the head of VW's environmental and engineering center in MI.

It's been almost two years since news of Volkswagen's diesel emissions cheating first broke, and the months since have been filled with recalls, buybacks, and lots and lots of money flying out of the company's bank account and into the pockets of affected customers.

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