Wednesday, 21 November, 2018

Volkswagen's Audi fined more than a billion dollars over diesel emissions scandal

Audi diesel engine Audi hit with €800m in penalties over diesel emissions scandal
Jean Garcia | 16 October, 2018, 23:25

Audi has been fined 800 million euros ($927.12 million) by German prosecutors for violations tied to V-6 and V-8 diesel engines that did not conform to anti-pollution standards.

In total, the case dealt with nearly 5 million cars worldwide, built between 2004 and 2018.

In total, the case dealt with nearly five million cars worldwide built between 2004 and 2018. The European Environmental Agency estimated that nitrogen oxides were responsible for around 75,000 premature deaths in the European Union in 2014.

"The administrative proceeding against Audi AG opened because of the diesel scandal is hereby closed in a legally binding way", according to the prosecutors' statement.

The Wolfsburg-based group's 2018 earnings suffered another one-billion-euro blow in June when it agreed to pay a similar fine levied by Brunswick prosecutors over its own-brand vehicles.

Twitter explodes as England defeat Spain 3-2 in UEFA Nations League
Spain pulled two goals back in the second half but it wasn't enough as England held on for all three points in the Nations League. It's a shame we didn't get the second goal earlier because I'm sure the supporters would have scored the third.

The penalty came on top of total costs in fines, buybacks and refits of more than €27 million that Volkswagen had to pay out over its emissions cheating scandal. Former CEO Martin Winterkorn and other executives face criminal charges in the United States, though they can not legally be extradited.

Authorities in Germany, the company's home market, issued the penalty as the company's chief executive at the time the so-called dieselgate scandal broke remains in prison, pending the findings of an investigation into the extent of his personal involvement.

Prosecutors said the failure of proper corporate oversight by Audi AG enabled deliberate wrongdoing by individuals. It said the amount would mean that the division would "significantly undercut" its financial targets for the current year.

The premium auto brand said it has no plans to lodge an appeal against the substantial fine, accepting responsibility for the deviations from regulatory requirements.

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