Former Volkswagen CEO charged in diesel scandal

Former Volkswagen CEO Martin Winterkorn was charged in a Michigan federal court for conspiring to mislead U.S. regulators in an investigation in to the German automaker's attempts to cheat diesel emissions testing, Bloomberg reports Thursday.

The details: Winterkorn resigned following the scandal going public in September of 2015 when Volkswagen admitted to installing illegal software in 11 million cars worldwide "that allowed the vehicles to recognize when they were being tested in laboratory conditions, and to reduce emissions to meet acceptable levels," per Bloomberg.