Law360, New York (September 24, 2015, 9:55 PM EDT) -- Volkswagen admitted this week that it sold worldwide 11 million diesel-powered cars with sophisticated software algorithms built to trick pollution emission tests. This allowed its diesel cars to pollute up to 40 times more than the level allowed under the Clean Air Act, according to the U.S. Environmental Protection Agency. Michael Horn, the head of Volkswagen's U.S. division, stated on Monday, "Our company was dishonest. With the EPA and the California Air Resources Board, and with all of you." CEO Martin Winterkorn apologized for the deception and, under pressure, resigned on Wednesday.
These are stunning admissions about a brazen scheme to...
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