Volkswagen executive jailed for 7 yrs for emissions scandal
Senior Volkswagen executive, Oliver Schmidt, who pleaded guilty in the US for his role in the company's emissions cheating scandal was sentenced to 7 years in prison on Wednesday. Schmidt, who was also fined $400,000, said, "I made bad decisions and for that I am sorry." The scandal has so far cost Volkswagen $30 billion following its admission in 2015.