Volkswagen AG (VLKAY) executive Oliver Schmidt on Friday pleaded guilty in the U.S. District Court in Detroit in a scandal related to the German automaker cheating diesel emissions, Reuters reports.
Under the plea agreement, Schmidt is expected to serve up to seven years in prison and pay a fine of between $40,000 and $400,000 after he admitted that he plotted to mislead U.S. regulators while violating clean air laws.
In March, Volkswagen confessed to installing a secret software in its vehicles to evade emissions tests, pleading guilty to three felony counts as part of a plea agreement. As a result the automaker was ordered to spend up to $25 billion to resolve the matter.
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