Volkswagen’s $4.3 billion settlement of criminal and civil penalties resulting from its emissions fraud subjects the German automaker to three years of probation and daily regulatory scrutiny. Now, with the VW deal, the world’s top three automakers are under close federal oversight to ensure their compliance with auto rules and regulations. On April 21, federal judge Sean Cox in Michigan approved a $4.3 billion criminal and civil settlement reached between the U.S. government and Volkswagen six weeks prior. Part of that deal puts the automaker under the watchful eye of an independent, court-approved monitor. Toyota, the world’s leading auto manufacturer, ... Read More
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