VW says it may face SEC lawsuit over diesel violations

VW says it may face SEC lawsuit over diesel violations

WASHINGTON — Volkswagen stated the U.S. Securities and Exchange Commission could bring an enforcement motion above the automaker’s diesel emissions scandal.

The enterprise explained in its yearly report launched earlier this 7 days that the SEC probe focuses on the automaker’s nondisclosure of “certain Volkswagen diesel vehicles’ noncompliance” with U.S. emissions rules.

Volkswagen did not have an quick remark.

The automaker has agreed to shell out more than $25 billion in the United States for promises from owners, environmental regulators, states and dealers, and has supplied to invest in again about 500,000 polluting U.S. cars.

VW admitted in September 2015 to secretly setting up computer software in just about 500,000 U.S. autos to cheat governing administration exhaust emissions exams and pleaded responsible in 2017 to felony expenses. In total, 13 men and women have been billed in the United States, including 4 Audi managers.


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