U.S. DOJ Slaps Volkswagen over Emissions-Cheating Scandal

Image Credit: CSPAN, U.S. Attorney General Loretta Lynch is pictured.

Image Credit: CSPAN, U.S. Attorney General Loretta Lynch is pictured.

German automaker Volkswagen AG is mired one of the costliest corporate scandals in world history. On January 11, 2017, the U.S. Department of Justice (DOJ), along with other U.S. agencies reached an agreement with Volkswagen on a number of charges after a 16-month investigation. The German auto giant was charged in the United States in attempts to escape emissions standards and import falsely-certified vehicles into the country. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]



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