88068
VW Could Face Further Fines
VW Could Face Further Fines

VW Could Face Further Fines

VW Could Face Further Fines

Volkswagen could face additional fines in Munich and Stuttgart on top of the €1 billion ($1.2 billion) it has been told to pay for management lapses which caused emissions cheating on 11 million VW diesel cars. Prosecutors in the German town of Braunschweig used a so-called administrative order to fine Volkswagen for oversight problems which allowed millions of polluting VW cars to hit the road, Reuters reported. The fine is one of the biggest ever penalties imposed by German authorities against a company. It deals yet another blow to one of Germany’s big industries which is struggling to recover from the fallout from the emissions cheating scandal that broke in Sept. 2015. The one billion euro fine is not included in the €25.8 billion ($30 billion) that Europe’s biggest carmaker has set aside to cover costs related to its admission that it cheated US diesel emissions tests, and it will hit earnings.

 

Short URL : https://goo.gl/v9ZJgK
  1. https://goo.gl/xiuAXk
  • https://goo.gl/wc1H6z
  • https://goo.gl/CghNJ6
  • https://goo.gl/m3yXPt
  • https://goo.gl/1wtQ5G

You can also read ...

Iran has specified the amount of prescription medicines...
Tehran Market: Euro and USD Keep Climbing
Foreign exchange rates were again defiant and continued to...
Iran, Iraq Private Sector Officials Meet in Tehran
The chambers of commerce of Iran and Iraq surveyed ways of...
Finnish IT Company Renews Iran Contracts
A Finnish provider of telecom information technology solutions...
Iran, UK Renew Trade Commitments
High-level trade representatives of Iran and the UK met on...
Iran Bans Tomato Exports Until Further Notice
The Ministry of Industries, Mining and Trade has banned the...
TEDPIX Crosses 170,000 Threshold
Major Iranian stock indexes vaulted to fresh records on...
Iran: SCI Reports Consumer Price Changes in Goods, Services Groups
The consumer price index of all 12 groups of goods and...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus