VW executive gets seven years for U.S. emissions fraud

DETROIT (Reuters) - A U.S.-based Volkswagen AG (VOWG_p.DE) executive who oversaw emissions issues was sentenced to seven years in prison and fined $400,000 by a judge on Wednesday for his role in a diesel emissions scandal that has cost the German automaker as much as $30 billion. FILE PHOTO: A U.S. flag flutters in the wind above a Volkswagen dealership in Carlsbad, California, U.S. on May 2, 2016. REUTERS/Mike Blake/File PhotoThe prison sentence and fine for the executive, Oliver Schmidt, w...