Overview

• A Braunschweig court found four ex-Volkswagen managers guilty of fraud, sentencing Jens Hadler to 4½ years and Hanno Jelden to 2 years 7 months in prison while two colleagues received suspended terms.
• The charges centered on defeat-device software that let diesel engines meet nitrogen oxide limits during laboratory tests but emit far higher pollutants in normal driving.
• Volkswagen has incurred more than €30 billion in global fines and settlements since U.S. regulators exposed the cheating in 2015.
• Proceedings against former CEO Martin Winterkorn remain suspended for health reasons, postponing the fate of the highest-profile executive linked to the scandal.
• Dieselgate triggered a collapse in Europe’s diesel market from over 50% of new car sales to under 10% and accelerated VW’s rise as the continent’s leading electric-vehicle manufacturer.