Volkswagen fined €1bn over diesel emissions scandal

Car maker Volkswagen has said it is being fined €1bn by German authorities in connection with the diesel emissions scandal.

Volkswagen said it would accept the fine imposed by prosecutors in the German city of Braunschweig.

Prosecutors concluded that Volkswagen failed to properly oversee the activity of its engine development department, resulting in some 10.7 million diesel vehicles with illegal emissions-controlling software being sold worldwide.

The scandal, which came to light in the United States in 2015, has already cost the German car giant billions in penalties imposed by US authorities.

The firm said it hoped that paying the German fine would have “positive effects on other official proceedings being conducted in Europe against Volkswagen” and its subsidiaries.

- Press Association


More in this Section

Hard Brexit a significant threat to UK motor industry, warns Ford chief

Dispute over Blackrock premises which receiver wants to sell

First-time buyers paying €157 above European average for mortgage each month

Summary judgment application against former AIB and Central Bank director struck out on agreement


Breaking Stories

Need a cheap and easy home revamp? Here’s how to tile your own splashbacks

Michael Caine: ‘Don’t look back, you’ll trip over’

How to survive the rest of Sober October if you’ve made it this far

Meet the A-listers of Zeminar 2018

More From The Irish Examiner