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

Daniel Fowler
October 17, 2018

It said 5 million euros of the fine was imposed for the oversight failure and 795 million represented Audi's forfeiture of economic gains from the violation, including profits from selling the cars, competitive advantages, and savings on the costs of producing vehicles that actually would have conformed to legal requirements.

Volkswagen AG's Audi unit will pay a fine of $927m (R13bn) to settle an investigation by German prosecutors into the carmaker's cheating on emissions regulation.

Software allowed vehicles to appear to meet emissions rules under lab conditions, while in fact spewing many times more harmful gases like nitrogen oxides (NOx) on the road. "Audi accepts the fine and, by doing so, admits its responsibility", the company said in a statement. A Volkswagen Group release noted the fine would impact its fincial targets for the 2018 financial year. The division of Volkswagen has accepted the 800 million euros fine, and the case is now closed, in Germany at least.

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.

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VW admitted in 2015 to building so-called "defeat devices" into 11 million cars worldwide, in a massive cheating scandal dubbed "dieselgate".

Despite Tuesday's agreement, other probes against individual managers and executives from the VW group remain open.

For almost 10 years, Volkswagen and its subsidiaries produced diesel cars with exhaust control equipment rigged to shut off once they were tested by regulators. Former Audi CEO Rupert Stadler remains in jail while prosecutors investigate individual involvement in the diesel scandal.

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