HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » Latest Breaking News (Forum) » Volkswagen fined $1.2 bil...

Wed Jun 13, 2018, 11:28 AM

Volkswagen fined $1.2 billion in Germany over diesel scandal [View all]

Source: Associated Press

Associated Press June 13, 2018

BERLIN (AP) Automaker Volkswagen says it's being fined 1 billion euros ($1.18 billion) by German authorities in connection with the diesel emissions scandal.

Volkswagen said in a statement Wednesday it would accept the fine imposed by prosecutors in the German city of Braunschweig.

Prosecutors concluded that Volkswagen failed to properly oversee the activity of its engine development department, resulting in some 10.7 million diesel vehicles with illegal emissions-controlling software being sold worldwide.

The scandal, which came to light in the United States in 2015, has already cost the German automaker billions in penalties imposed by U.S. authorities.

Read more: https://finance.yahoo.com/news/volkswagen-fined-1-2-billion-germany-over-diesel-161026052--finance.html

5 replies, 536 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 5 replies Author Time Post
Reply Volkswagen fined $1.2 billion in Germany over diesel scandal [View all]
DonViejo Jun 2018 OP
sandensea Jun 2018 #1
bucolic_frolic Jun 2018 #2
Maxheader Jun 2018 #3
Post removed Jun 2018 #4
JustABozoOnThisBus Jun 2018 #5