@TheStar

German prosecutors fine Volkswagen 800m Euros over diesel emissions

3 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, 20:23
@CITIZENTV - By: Reuters
Hazard left out of Chelsea squad for Europa League opener

Hazard left out of Chelsea squad for Europa League opener ...

Category: sports topnews news
2 hours ago, 19:59
@CITIZENTV - By: Benjamin Muriuki
10 Ugandans arrested in Nairobi while being trafficked to Middle East

Ten Ugandans have been arrested in Uhuru Estate, Nairobi while allegedly being trafficked to the Middle East. ...

Category: topnews news
1 hours ago, 19:59
@DailyNation - By: Michael Chawe
Zambian minister Emerine Kabanshi sacked over graft claims

The sackings came days after Britain announced it had suspended all bilateral funding. ...

Category: topnews news
2 hours ago, 19:32
@DailyNation - By: David Mwere
Lifeline for banks as Rotich says interest cap will be revisited

Changes to the Banking Act will boost the profitability of banks. ...

Category: topnews news
2 hours ago, 19:18
@CITIZENTV - By: Aly Abich
Woman burns husband with hot cooking oil in Homa Bay

A 40 year-old fisherman is nursing wounds after his wife burnt him using hot cooking oil over alleged domestic wrangles at Sindo Township in Homa Bay County ...

Category: topnews news
39 minutes
@TheStar - By: Emmanuel Wanjala ...
Uhuru’s foreign trips good for Kenya, says CS Monica Juma

The Foreign Affairs ministry has defended President Uhuru Kenyatta’s foreign trips saying they have helped project Kenya's image globally and to promote the country as an investment destination of cho ...

Category: topnews news

@TheStar

German prosecutors fine Volkswagen 800m Euros over diesel emissions

3 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, 20:23
@CITIZENTV - By: Reuters
Hazard left out of Chelsea squad for Europa League opener

Hazard left out of Chelsea squad for Europa League opener ...

Category: sports topnews news
2 hours ago, 19:59
@CITIZENTV - By: Benjamin Muriuki
10 Ugandans arrested in Nairobi while being trafficked to Middle East

Ten Ugandans have been arrested in Uhuru Estate, Nairobi while allegedly being trafficked to the Middle East. ...

Category: topnews news
1 hours ago, 19:59
@DailyNation - By: Michael Chawe
Zambian minister Emerine Kabanshi sacked over graft claims

The sackings came days after Britain announced it had suspended all bilateral funding. ...

Category: topnews news
2 hours ago, 19:32
@DailyNation - By: David Mwere
Lifeline for banks as Rotich says interest cap will be revisited

Changes to the Banking Act will boost the profitability of banks. ...

Category: topnews news
2 hours ago, 19:18
@CITIZENTV - By: Aly Abich
Woman burns husband with hot cooking oil in Homa Bay

A 40 year-old fisherman is nursing wounds after his wife burnt him using hot cooking oil over alleged domestic wrangles at Sindo Township in Homa Bay County ...

Category: topnews news
39 minutes
@TheStar - By: Emmanuel Wanjala ...
Uhuru’s foreign trips good for Kenya, says CS Monica Juma

The Foreign Affairs ministry has defended President Uhuru Kenyatta’s foreign trips saying they have helped project Kenya's image globally and to promote the country as an investment destination of cho ...

Category: topnews news
Our App