World Economy

Italy Fines VW

Italy Fines VWItaly Fines VW

Italy’s antitrust regulator has fined Volkswagen €5 million ($5.55 million) for its Dieselgate software manipulation, DW reported. VW has admitted to installing software to circumvent pollution standards in millions of diesel cars. In the latest Dieselgate developments, Italy’s AGCOM competition authority announced that it would fine the German carmaker Volkswagen $5.5 million for installing software to cheat emissions tests in 11 million cars worldwide, enabling the vehicles to spew 40 times the permitted amount of nitrogen oxide. The fine, the maximum, amounts to over €7 for each of the 700,000 affected cars sold in Italy since 2009.