Home / Articles / VW fined €1.2bn over diesel emissions scandal

VW fined €1.2bn over diesel emissions scandal

Carmaker Volkswagen says it has been fined almost €1.2bn 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 said the carmaker failed to properly oversee the activity of its engine development department, resulting in around 10.7m diesel vehicles with illegal emissions-controlling software being sold worldwide.
The scandal, which came to light in the US in 2015, has so far cost the German automaker billions in penalties imposed by authorities there.
Volkswagen said it hoped that paying the German fine would have “positive effects on other official proceedings being conducted in Europe against Volkswagen” and its subsidiaries.

More from Business

The fine comes two days after German prosecutors in Munich widened their emissions cheating probe into Volkswagen’s luxury carmaker Audi, to include the brand’s Chief Executive Rupert Stadler among the suspects accused of fraud and false advertising.
More follows…

Source: Sky

About Business Ideas UK

My name is Joel Bissitt. I have been an entrepreneur for 24 years and have run many small businesses across various sectors. For the last 10 years I have worked mainly within online media, franchising and small business start-ups.

Check Also

Another 40 Poundworld stores to close

Forty more Poundworld stores are to close later this month, leading to the loss …

Free Franchise Guide
close slider

Free Franchise Guide

Interested in buying a franchise? The our FREE Franchise Guide is a must! The guide contains lots of information to help you decide if franchising is right for you.

Yes, I'd like to join the Franchise UK mailing list.