Volkswagen Fined $1.2 Billion In Germany Over Diesel Scandal

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 4 days ago '07        #1
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MELODY 75 heat pts75
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$12,172 | Props total: 4565 4565
Volkswagen Fined $1.2 Billion In Germany Over Diesel Scandal
 

 
Volkswagen fined $1.2 billion in Germany over diesel scandal


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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.

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.
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5 comments for "Volkswagen Fined $1.2 Billion In Germany Over Diesel Scandal"

 3 days ago '08        #2
flav 1 heat pts
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$2,260 | Props total: 3410 3410
VW is wayy to big to subject themselves by hoping to stay under the radar by pulling stunts like this. When you think you will get away to save millions and have to pay a billion down the road after the ruse was caught


ouch
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 3 days ago '13        #3
chi town jays 
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Wonder if this Would make Audi’s, Porsche and Bentley’s go lower on price?
qutaboi225 gave props
 
 3 days ago '05        #4
KruptedWayz 22 heat pts22
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$3,727 | Props total: 1200 1200
The story about this is on Netflix's show 'Dirty Money' if anyone is interested. It's pretty good.
majestykagiso gave props
 
 2 days ago '09        #5
All Star Flow 3 heat pts
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sh*t company
fu*k the higher ups who let all this happen
 2 days ago '13        #6
fishpoop 1 heat pts
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$9,143 | Props total: 9594 9594
 All Star Flow said:
sh*t company
fu*k the higher ups who let all this happen
All the other German manufacturers do it too.
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