VW Exec Faces Up To 169 Years In Prison Over Dieselgate

VW Exec Faces Up To 169 Years In Prison Over Dieselgate

VW Exec Faces Up To 169 Years In Prison Over Dieselgate

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

The terms of Schmidt's plea agreement were not immediately clear. Volkswagen's fall guy, former head of compliance Oliver Schmidt, has agreed to also plead guilty in the case. A Volkswagen spokeswoman said the auto maker continues to cooperate with U.S. Justice Department probes of individuals and declined to comment further.

VW admitted in September 2015 to installing so-called defeat devices in hundreds of thousands of diesel-powered vehicles in the U.S. The devices would only kick on during road conditions when emission measuring tools were not engaged.

Schmidt is one of eight former and current Volkswagen executives who've been criminally charged for their roles in the never-ending Dieselgate saga, reports Reuters.

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Volkswagen has agreed to spend as much as $25 billion in the U.S.to resolve claims from owners and regulators over polluting diesel vehicles and offered to buy back about 500,000 vehicles. It is unclear to which charges he will plead guilty. The others are in Germany, and nearly all are unlikely to face trials in the United States because Germany does not extradite its citizens.

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.

Oliver Schmidt, who was chief of Volkswagen's environmental and engineering center in MI, has been held since January when he was arrested in Miami trying to return to Germany. When heading Volkswagen's environment and engineering office in MI from 2012 to early 2015, he liaised with US and California regulators on compliance matters.

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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