47281
Italy Fines VW
World Economy

Italy 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.

Short URL : http://goo.gl/Iaty6j
  1. http://goo.gl/F4sSt4
  • http://goo.gl/bFvgo6
  • http://goo.gl/8o8Lys
  • http://goo.gl/dn8qko
  • http://goo.gl/SVUCgV

You can also read ...

Argentina Lacks Options to Defend Peso
With interest rates sky-high and the economy heading for...
Westinghouse Electric, the leading US nuclear fuel producer, said it relies on China for zirconium and zirconium powder  for use in nuclear fuel assemblies
A broad cross-section of US businesses has a message for the...
BMW Seeking Broader China Collaboration
The opening-up is an important policy and German carmaker BMW...
Turkey, Qatar in Currency Swap Deal
The central banks of Qatar and Turkey signed a currency swap...
Vehicle loans have rapidly expanded as cars purchased during a tax rebate scheme for first cars  in 2012-13 have begun to be replaced.
Consumer borrowing is accelerating significantly in Thailand...
Asian Countries Vie to Set Up Crypto Valleys
The race to establish cryptocurrency hubs in Asia is gathering...
International Labor Organization has called for stronger...
UK Business Pessimism Rising
Business leaders’ confidence in the British economy has fallen...

Trending

Googleplus