Volkswagen Granted More Time by U.S. Justice Department to Test Compliance Programs
October 17 2019 - 9:50AM
Dow Jones News
By Max Bernhard
Volkswagen AG (VOW.XE) said Thursday that is has been granted a
90-day extension by the Department of Justice and independent
compliance monitor Larry D. Thompson to demonstrate that it has met
its commitments under the terms of its 2017 diesel-emissions
settlement.
"The agreement gives Volkswagen an additional 90 days to fully
test and, where necessary, remediate the measures that the group
and its brands have put in place, including recommendations from
the monitor, in order for Thompson to certify the company's ethics
and compliance programs," the German car maker said.
Volkswagen admitted in 2015 to having rigged some 11 million of
its diesel vehicles world-wide with software that allowed them to
dodge government emissions tests.
As part of the 2017 settlement, the company agreed to compliance
reforms, under oversight of Mr. Thompson, a former deputy attorney
general.
Write to Max Bernhard at max.bernhard@dowjones.com
(END) Dow Jones Newswires
October 17, 2019 09:35 ET (13:35 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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