Former VW executive to plead guilty in emissions cheating case

VW's Liaison to US Regulators Is Preparing Guilty Plea

VW's Liaison to US Regulators Is Preparing Guilty Plea

Schmidt's lawyer, David DuMouchel, declined comment when asked about his client's decision.

Prosecutors and lawyers representing Schmidt told US District Judge Sean Cox of the plea agreement during a morning status conference, court spokesman David Ashenfelter told AFP.

The Volkswagen AG exec arrested a year ago for his part in VW's diesel emissions fraud, Oliver Schmidt, will be pleading guilty on August 4 in US District Court in Detroit.

It was the latest development in the two-year old scandal, after VW admitted in 2015 to equipping about 11 million cars worldwide with defeat devices to evade emissions tests, including about 600,000 vehicles in the United States.

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.

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Mr. Schmidt is one of eight individuals charged in the U.S.in Volkswagen's emissions cheating.

Earlier in July the Justice Department charged Giovanni Pamio, a former manager from Audi, a Volkswagen subsidiary, with directing employees to design emission-cheating software.

Schmidt, who was arrested in February and denied bail, initially pleaded not 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.

Back in January, the Federal Bureau of Investigation arrested Volkswagen executive Oliver Schmidt on charges related to the automaker's diesel scandal.

The terms of Mr. Schmidt's guilty plea and his expected prison time or other punishments remained unclear. Despite facing the backlash from the emissions scandal, which first broke out in September 2015, and cost a significant amount to the German auto maker, the company's vehicle delivery suggests that Volkswagen is on a successful growth track, signalling that there has been no indelible marks on its reputation.

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