Volkswagen Faces Billions in Fines for Emissions Rigging

The German carmaker apologized for rigging vehicles in order to beat emissions tests, and executives could face potential criminal charges.
2:06 | 09/22/15

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Transcript for Volkswagen Faces Billions in Fines for Emissions Rigging
It was justice for her and other families who needlessly abouts in fines, possible criminal charges for its executives as the company apologized for rigging 11 million cars to help it beat emission tests. ABC's T.J. Holmes and, T.J., Volkswagen also facing millions of angry customers That's no reason for us to mince words. Volkswagen cheated and got caught and millions of people have been putting out a much bigger carbon footprint than they were led to believe. Overnight Volkswagen throwing a huge party to celebrate their new line of passats including this energetic performance by Lenny Kravitz. ? but the other headline at the event a huge company mea culpa. We crewed up. Reporter: Michael horn acknowledging the company knowingly sold 500,000 diesel-powered cars in America which intentionally faked emissions tests. Customers in their cars emitting as much as 40 times the legal pollution limit. So that's the key about this. Our company was dishonest. Reporter: Now the German automaker face billions in fines while their executives could face criminal charges. They admitted they put this software programs to go to a cleaner mode. A fact not lost on its loyal fan base thinking they were environm environmentally friendly. Regardless of how much they have fudged by, it's the fact that they lied in the first place because that's going to give me concern. Reporter: Volkswagen halted all U.S. Sales of the diesel cars and pledged to cooperate with regulators. Still the show went on last night, the company hoping to focus on its future rather than its admitted deception of the past. I know, this is not like recalls we've seen in the past where somebody made a mistake. This he did this on purpose. 11 million cars worldwide and set aside $7 billion to deal with fines and people might want their cars back. You're just putting it out. All right, T.J. Thanks. All right. Ahead this morning, an ABC

This transcript has been automatically generated and may not be 100% accurate.

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