Volkswagen of America CEO Michael Horn is sworn-in on Capitol Hill in Washington, Thursday, Oct. 8, 2015, prior to testifying before the House Oversight and Investigations subcommittee hearing on Volkswagen's emissions-rigging scandal. (AP Photo/Cliff Owen)

(Bloomberg) — Volkswagen AG waited two months after acknowledging a software abnormality in its cars to tell regulators the algorithm was designed to cheat emissions tests, according to a staff memo prepared for lawmakers investigating the automaker.

The Energy and Commerce Committee, which will hold a hearing on Thursday in Washington, also wants further details on how and why the German-based automaker cheated on U.S. and California emissions tests, according to the memo. Committee staff met Monday with representatives of VW and regulators in preparation for the hearing.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Bank & Capital Markets Tax Institute (BTI) 2024Event

BTI provides leading tax professionals from financial institutions with unmatched tools and resources.

Get More Information
 

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.