-
Oil edges higher, stocks gain as investors eye political risks
-
China draws up safety rules for autonomous vehicles
-
Man Utd sign reported record £20mn sponsorship deal for training kit
-
Wenger says scrapping Infantino's World Cup plan was "absolutely necessary"
-
Stokes reveals England coaching ambition
-
Spain confronts EU migration hawks in tense Ceuta talks
-
Cargo ship hit after Trump insists Iran talks could reopen Hormuz today
-
Firefighters hope to contain blaze on Athens outskirts
-
BP profit soars as Mideast war roils energy prices
-
Heatwave divides rich and poor of upmarket Seoul
-
Most stock markets gain, while oil prices edge up after plunge
-
Drone strike on Moscow region kills 5
-
Most stock markets gain, while oil prices edge up after latest plunge
-
Guatemala issues 'danger' alert after Fuego volcano erupts
-
Weak yen helps auto giant Toyota raise forecasts
-
Heat kills 16 in South Korea this summer: interior ministry
-
TRON DAO Joins Blockchain Application Stanford Summit at the Science of Blockchain Conference as a Sponsor
-
Arson suspect arrested as US northwest battles wildfires
-
Rockets, Starlink, AI: SpaceX faces its first Wall Street grilling
-
Britain's Royal Mint strikes gold in electronic waste
-
After sparring over Ceuta, EU states seek lessons from crisis
-
Amorim evokes spirit of Baresi as he bids revive AC Milan fortunes
-
Forest fire spreads in Dutch nature reserve
-
Suspected heatstroke kills three lions at Japan zoo
-
Japan sees 'urgent' need to boost military
-
Stocks mixed as Seoul stabilises, oil prices rise with eyes on Mideast
-
Myanmar ex-junta chief set for first Thailand visit as civilian leader
-
Trapped by war, Bangladesh seafarer recounts Gulf ordeal
-
New Zealand hooker Bell out of South Africa tour with calf strain
-
WWII shells surface in wildfire-ravaged French village
-
Trump attorney general pick looks set to clear US Senate hurdle
-
Last Scottish island bird hunt banned after almost 500 years
-
Ore Energy Raises $43 Million to Unlock Renewable Baseload Power for the AI Era
-
Death toll from Venezuela quakes rises past 6,000
-
Fritz outguns Jodar to win ATP Washington title
-
Shafique, Babar lead strong Pakistan reply against West Indies
-
Major League Soccer names LAFC co-owner Berg as next commissioner
-
Defending champ Shelton finding tournament sweet spot in Montreal
-
Osaka out to improve Toronto fortunes with eye on US Open
-
Democratic-led US states sue in latest challenge to Trump's tariffs
-
Dow hits fresh record as oil prices tumble
-
Trump says Iran facing 'last chance before decapitation'
-
Trump board reassures Israel after objections on Gaza pullout
-
US northwest battles wildfires after Spokane neighborhoods scorched
-
Zelensky sacks his ambassador to the US
-
Iran denies negotiating with US, drawing Trump backlash
-
'Spider-Man' breaks record for domestic box office debut
-
Key dates for the Boeing 737 MAX
-
US regulators grant long-awaited Boeing 737 MAX 7 certificate
-
Israel objects to US-backed Gaza plan, defiant on pullout
Ex-Audi CEO to plead guilty over 'dieselgate' scandal
Former Audi boss Rupert Stadler will plead guilty over the "dieselgate" vehicle emissions-cheating scandal, a German court said Wednesday, which would make him the first auto CEO to be convicted in the resulting lawsuits.
Stadler will admit guilt in exchange for a suspended sentence after reaching an agreement with the Munich district court over the scandal that rocked Audi's parent company Volkswagen.
German car giant VW -- whose subsidiaries include Porsche, Audi, Skoda and Seat -- admitted in September 2015 that it had installed software to rig emission levels in 11 million diesel vehicles worldwide.
The so-called defeat devices made the vehicles appear less polluting in lab tests than they were on the road.
After a trial that started in late 2020, Stadler's defence lawyers and prosecutors had finally accepted a "plea bargain proposal", a court spokesman told AFP.
"According to the proposal, Mr Stadler will receive a suspended sentence of 18 to 24 months if he confesses. In addition, he will have to pay 1.1 million euros ($1.2 million)," he said.
The confession is expected to be read out in two weeks.
Stadler, 60, had previously denied the charges of fraud, falsifying certifications and false advertising against him.
Last month Wolfgang Hatz, another former Audi executive who was on trial alongside Stadler, pleaded guilty, confessing that he and two other colleagues had arranged the installation of emissions-cheating software.
His defence team and the court recommended a suspended sentence of 18 to 24 months, though prosecutors have objected.
- Diesel trickery -
Volkswagen had always insisted that the diesel trickery was the work of a handful of lower-level employees acting without the knowledge of their superiors, a claim challenged by prosecutors.
Stadler had been Audi's chief executive for 11 years when he was arrested in June 2018.
He spent four months in pretrial detention owing to prosecution concerns that he would try to influence witnesses.
Prosecutors say Stadler knew about the scam by the end of September 2015 "at the latest" but he nevertheless allowed thousands more vehicles fitted with the illegal defeat devices to be sold.
He was originally put on trial alongside Hatz and two Audi engineers, one of whom has also entered a guilty plea in exchange for a suspended sentence.
The charges against them covered 434,420 Volkswagen, Audi and Porsche vehicles sold in Europe and the United States as far back as 2009.
Volkswagen's former CEO Martin Winterkorn was supposed to stand trial for fraud over the scandal, but the case has been indefinitely postponed due to his poor health.
The "dieselgate" saga shocked Germany and is seen as the country's biggest post-war industrial scandal.
It has already cost VW tens of billions of euros in fines, legal costs and compensation to car owners, mainly in the United States.
The fallout has also accelerated development of environmentally friendly electric vehicles, requiring huge investments in a tough economic climate.
R.Adler--BTB