Audi To Pay 800 Million Euros Fine Over Dieselgate Scandal
In this article (4)
Volkswagen said on Tuesday that its subsidiary Audi would not contest an 800-million-euro (USD 927 million) fine issued by German prosecutors over “deviations from regulatory requirements” in diesel engines.
“Audi AG has accepted the fine” investigators levied for “deviations from regulatory requirements in certain V6 and V8 diesel aggregates and diesel vehicles”, the group said in a statement, adding that “the fine will directly affectVolkswagen AG’s financial earnings” for 2018
Questions & Answers
Q.Why has Audi been fined?
Why has Audi been fined?
A.
German prosecutors issued the fine due to "deviations from regulatory requirements" found in some of Audi's diesel engines. These issues were specifically identified in certain V6 and V8 diesel aggregates and diesel vehicles.
Q.What is the financial impact of this fine?
What is the financial impact of this fine?
A.
Audi has been fined 800 million euros, which is approximately 927 million US dollars. Volkswagen AG has stated this fine will directly affect its financial earnings for the 2018 fiscal year.
Q.Has Audi accepted the fine?
Has Audi accepted the fine?
A.
Yes, Audi AG has accepted the 800 million euro fine levied by investigators. Volkswagen confirmed on Tuesday that its subsidiary would not contest the penalty imposed by German prosecutors.
Reader pulse
What's the main takeaway from Audi accepting the fine?
22,270 votes so far