Germany Engineering Firm Pleads Guilty to Involvement in VW Emissions Scandal

IAV GmbH, the German engineering company co-owned by Volkswagen Group, plead guilty to a felony count of conspiracy in a U.S. District Court on Friday, to the surprise of absolutely no one. Last month, authorities said the firm had already agreed to a guilty plea and multi-million-dollar fine for its role in helping Volkswagen Group develop software that could effectively help cars falsify emissions test results.

That makes the courtroom officiation little more than a formality. While the court wants to conducts a probationary investigation, effectively delaying sentencing until May 22nd, there is little doubt what the final penalty will be — $35 million and two years of operation under the supervision of a court-appointed monitor.

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  • Michael Gallagher Some math! The cost to produce US Shale derived oil is between $35 to $55/bbl. Middle East oil cost about $15/bbl. If OPEC wanted, they could produce more , driving oil prices below our costs and decimating our domestic industry. We have whispered in their ear that they should endeavor to keep the price above our cost, in exchange for political, economic and security favors. Case in point, during COVID when gas dropped below $2/gal , producers were losing money, Trump had to approach the Saudis requesting them to cut production to raise the oil price above our cost. If the global oil industry was truly competitive, our industry would be out of business very quickly due to our much higher cost of production. Those that long for those covid prices need to realize it would be at the expense of our domestic industry.
  • Norman Stansfield I'm training to be a mechanic, and have been told this or a Harley would be a good start.
  • SilverHawk I watch out of loyalty to the sport even though it's often not as entertaining these days. But then, you have a race like Miami that gives us a driver's first win and my enthusiasm is refreshed. Congrats to Lando.
  • Oberkanone Nope. No interest.
  • SilverCoupe Tim, you don't always watch F1 as you don't want to lose sleep? But these races are great for putting one to sleep!I kid (sort of). I DVR them, I watch them, I fast forward a lot. It was great to see Lando win one, I've been a fan of McLaren since their heyday in CanAm in the late '60's.