Volkswagen (VW) supplier IAV GmbH has pleaded guilty to a federal felony charge and agreed to pay a $35 million criminal fine for its role in developing the defeat devices for VW diesel engines that cheated U.S. emissions standards. Federal prosecutors said that Berlin, Germany-based IAV GmbH agreed to plead guilty to one count of conspiracy to defraud the United States and VW’s U.S. customers by misleading them about whether certain VW and Audi diesel vehicles complied with federal emissions standards. IAV GmbH and its co-conspirators knew the vehicles did not meet U.S. emissions standards and worked with VW and ... Read More
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