@TheStar

German prosecutors fine Volkswagen 800m Euros over diesel emissions

4 months ago, 13 June 20:32

By: Bbc

Car giant Volkswagen has been fined €1bn (£880m) by German prosecutors over its diesel emissions scandal.

The Braunschweig public prosecutor found VW had sold more than 10 million cars between mid-2007 and 2015 that had emissions-test-cheating software installed.

The car firm said it did not plan to appeal against the fine.

VW said it had admitted "its responsibility for the diesel crisis".

The fine is one of the highest ever imposed by German authorities against a company.

VW chief executive Herbert Diess said by accepting the fine "Volkswagen takes responsibility for the diesel crisis."

"Further steps are necessary to restore trust in the company and the auto industry," he added.

The fine in Germany follows a US plea agreement last year, when VW agreed to pay a criminal fine of $4.3bn to resolve criminal and civil penalties.

The total cost of the scandal has been much higher. VW said last year that its total bill for fixing engines in the US was $30bn.

The Volkswagen scandal erupted in September 2015, when the company admitted that nearly 600,000 cars sold in the US were fitted with "defeat devices" designed to circumvent emissions tests.

Since then it has emerged that VW installed emissions-cheating software in nearly 11 million vehicles worldwide.


Read More


Category: topnews news

Suggested

1 hours ago, 21:33
@DailyNation - By: Nasibo Kabale
Board targets ten institutions for closure

Over 3,000 students who do not qualify for diploma have been admitted to the institutions. ...

Category: topnews news
1 hours ago, 21:10
@StandardMedia - By: Paul Ogemba
Court freezes Chinese firm's accounts over Sh2 billion tax dispute

A Chinese company suspected to be involved in money laundering and tax evasion amounting to over Sh2 billion has its accounts frozen. ...

Category: topnews news
1 hours ago, 20:59
@DailyNation - By: Winnie Atieno Vi ...
Fishermen welcome import ban, call for modern gear

President Kenyatta proposed a ban on fish imports from China to protect the local industry. ...

Category: topnews news
2 hours ago, 20:37
@CITIZENTV - By: Citizen Reporter
Sonko opposes Bill to scrap Nairobi County

Nairobi Governor Mike Sonko has strongly opposed a bill proposing to have the Nairobi County Government dissolved and put under the national government. ...

Category: topnews news
34 minutes
@TheStar - By: Lillian Mutavi @l ...
Nairobi Women`s Hospital denies detaining a patient over Sh4m bill

Nairobi Women`s Hospital has denied retaining a woman over Sh4 million bill despite a case being filed in court.At the same time, the hospital has denied going to court following the dispute. Emma Nje ...

Category: topnews news
1 hour ago
@TheStar - By: Tina Mwambonu @ti ...
Cabinet approves guidelines for affordable housing units

The Cabinet has approved guidelines for the implementation of affordable housing under President Uhuru Kenyatta's Big Four agenda.Uhuru chaired the meeting attended by Deputy President William Ruto at ...

Category: topnews news

@TheStar

German prosecutors fine Volkswagen 800m Euros over diesel emissions

4 months ago, 13 June 20:32

By: Bbc

Car giant Volkswagen has been fined €1bn (£880m) by German prosecutors over its diesel emissions scandal.

The Braunschweig public prosecutor found VW had sold more than 10 million cars between mid-2007 and 2015 that had emissions-test-cheating software installed.

The car firm said it did not plan to appeal against the fine.

VW said it had admitted "its responsibility for the diesel crisis".

The fine is one of the highest ever imposed by German authorities against a company.

VW chief executive Herbert Diess said by accepting the fine "Volkswagen takes responsibility for the diesel crisis."

"Further steps are necessary to restore trust in the company and the auto industry," he added.

The fine in Germany follows a US plea agreement last year, when VW agreed to pay a criminal fine of $4.3bn to resolve criminal and civil penalties.

The total cost of the scandal has been much higher. VW said last year that its total bill for fixing engines in the US was $30bn.

The Volkswagen scandal erupted in September 2015, when the company admitted that nearly 600,000 cars sold in the US were fitted with "defeat devices" designed to circumvent emissions tests.

Since then it has emerged that VW installed emissions-cheating software in nearly 11 million vehicles worldwide.


Read More

Category: topnews news

Suggested

1 hours ago, 21:33
@DailyNation - By: Nasibo Kabale
Board targets ten institutions for closure

Over 3,000 students who do not qualify for diploma have been admitted to the institutions. ...

Category: topnews news
1 hours ago, 21:10
@StandardMedia - By: Paul Ogemba
Court freezes Chinese firm's accounts over Sh2 billion tax dispute

A Chinese company suspected to be involved in money laundering and tax evasion amounting to over Sh2 billion has its accounts frozen. ...

Category: topnews news
1 hours ago, 20:59
@DailyNation - By: Winnie Atieno Vi ...
Fishermen welcome import ban, call for modern gear

President Kenyatta proposed a ban on fish imports from China to protect the local industry. ...

Category: topnews news
2 hours ago, 20:37
@CITIZENTV - By: Citizen Reporter
Sonko opposes Bill to scrap Nairobi County

Nairobi Governor Mike Sonko has strongly opposed a bill proposing to have the Nairobi County Government dissolved and put under the national government. ...

Category: topnews news
34 minutes
@TheStar - By: Lillian Mutavi @l ...
Nairobi Women`s Hospital denies detaining a patient over Sh4m bill

Nairobi Women`s Hospital has denied retaining a woman over Sh4 million bill despite a case being filed in court.At the same time, the hospital has denied going to court following the dispute. Emma Nje ...

Category: topnews news
1 hour ago
@TheStar - By: Tina Mwambonu @ti ...
Cabinet approves guidelines for affordable housing units

The Cabinet has approved guidelines for the implementation of affordable housing under President Uhuru Kenyatta's Big Four agenda.Uhuru chaired the meeting attended by Deputy President William Ruto at ...

Category: topnews news
Our App