Volkswagen's Audi fined more than a billion dollars over diesel emissions scandal

Audi fined $925 million in Germany for dieselgate scandal - Autoblog

Audi said it would not contest the fine.

German premium auto brand Audi, a division of Volkswagen (VOWG_p.DE), said it was fined 800 million euros ($927 million) on Tuesday for violations tied to heavily polluting six- and eight-cylinder diesel engines.

Audi says the V6 and V8 diesel engines in question did meet regulatory requirements, and it also "failed to discover" diesel engines supplied to it from Volkswagen between 2004 and 2018 had an "impermissible software function".

Audi said in a statement that it will not appeal the fine.

The penalty by Munich prosecutors is just the latest effect of the scandal that emerged in 2015 and initially wiped out billions off the company's value.

Republic of Ireland 0-1 Wales: Nations League
After a drab first half at the Aviva Stadium, Wilson needed no second invitation when Harry Arter needlessly fouled Connor Roberts on the edge of the Irish area.

In September 2015, parent company Volkswagen admitted rigging some 11 million diesel vehicles worldwide with software that enabled them to pass USA emissions tests even though emissions in real driving were much higher.

Investigators pursued Audi over V6 and V8 engines it built into its own vehicles, VW's own-brand cars and models from fellow subsidiary Porsche as well as over Audi vehicles fitted with cheating VW-built engines. The case covered some 4.9 million Audi cars sold in Europe, the US and elsewhere between 2004 and 20018. Former chief Martin Winterkorn and other executives face criminal charges in the United States, though they can not legally be extradited.

Earlier this month, Volkswagen terminated the contract of Audi Chief Executive Rupert Stadler, who is under investigation for suspected involvement in emissions cheating.

Prosecutors had jailed him in June, saying the move was necessary to stop him trying to influence witnesses.

Shares in Volkswagen (VLKAF) and Audi (AUDVF) were trading higher on Tuesday.

Related:

  • Nokia X7 price, specifications, features, comparison

    Nokia X7 price, specifications, features, comparison

    It will be offered in three variants - 4GB RAM with 64GB storage, 6GB RAM with 64GB storage, and 6GB RAM with 128GB storage. The camera also supports AI scene detection that can detect between 18 different scene types to optimize your photos.
    Northern Irish author Anna Burns shortlisted for Man Booker Prize

    Northern Irish author Anna Burns shortlisted for Man Booker Prize

    Canadian writer Esi Edugyan's Washington Black tells the fantastical story of an 11-year-old slave's journey to freedom. Daisy Johnson became the youngest writer ever nominated for the Pulitzer prize, she is only 27 years old.
    Piers Morgan mocks Daniel Craig's baby carrier, gets manhood lesson

    Piers Morgan mocks Daniel Craig's baby carrier, gets manhood lesson

    Others straight-out skewered Morgan, while lots of dads posted sweet photos of themselves proudly carrying their own babies. Many were offended by Piers' comments and were confused as to why it was emasculating for Daniel Craig to carry his child.
  • Saudi Arabia Says It Will Increase Output To Keep Oil Market Stable

    Khalid al-Falih, the energy minister of the kingdom, said it will continue to be responsible and help keep oil markets stable. The last time South Korea did not import oil from Iran was September 2012, according to customs data.
    Buckeyes Talk Nick Bosa's Departure, Preview Purdue

    Buckeyes Talk Nick Bosa's Departure, Preview Purdue

    Nick Bosa is the top prospect on ESPN's Big Board rankings and his injury is unlikely to diminish his value. Ohio State will be without star defensive end Nick Bosa for the rest of the season.
    Discord's game store goes public, alongside Nitro subscription service overhaul

    Discord's game store goes public, alongside Nitro subscription service overhaul

    The Discord Nitro service has also expanded to include acclaimed games that Discord things people should play, the post explained. Barring the occasional too-enticing-to-pass-up exclusives on the Discord Store, I don't see me swapping anytime soon.
  • Amber Alert issued for Wis. girl after parents found dead

    Amber Alert issued for Wis. girl after parents found dead

    Jayme was reportedly spotted in Florida - 1,750 miles from home - hours after her parents were found dead. "That's our goal. Closs, 13, went missing after her parents were found dead in a home in Barron County, Wisconsin on Monday morning.
    Health Department: 7th Case Of AFM Diagnosed In Minnesota

    Health Department: 7th Case Of AFM Diagnosed In Minnesota

    In particular, the condition can cause weakness in the arms and legs along with loss of muscle tone and problems with reflexes. But Messonnier cautioned that it would be "premature" to be confident that this year will be the same as the earlier years.
    British, EU ministers say still time for Brexit deal

    British, EU ministers say still time for Brexit deal

    The Irish border backstop has emerged as the major sticking point in the Brexit negotiations. The brick wall those talks hit over the Irish border issue has flipped around that logic.
  • U.S. Government Deficit Grew 17% in Fiscal 2018

    U.S. Government Deficit Grew 17% in Fiscal 2018

    The only other period when the federal government has run deficits above US$1 trillion was for four years from 2009 through 2011. The cost of financing the deficit have increased following Trump's tax cuts, with the interest charged on the 10-year U.S.
    Google’s CEO Defends Potential Return to China

    Google’s CEO Defends Potential Return to China

    But Google's position in mobile could eventually erode as Chinese competitors have sought to develop alternatives to Android. The rule of law in China is (a) whatever Xi says it is, and (b) explicitly aimed to suppress political and cultural dissent.
    Australia May Recognize Jerusalem As Israel's Capital

    Australia May Recognize Jerusalem As Israel's Capital

    Mr Trump opened the new U.S. embassy in the city in May. "Australia makes its decisions about its foreign policy independently". A Palestinian capital in East Jerusalem has always been regarded as indispensable to Palestinian statehood by its supporters.

Comments

Latest news

Outage puts YouTube on pause
Many YouTube users have flooded social media to complain about the problem. "We apologize for any inconvenience". YouTube , the second most visited website in the world, is experiencing an outage across its various platforms.

Jared Kushner Paid Little To No Federal Income Tax For Years
The Times said that nothing in the documents suggested illegal activity. "There was no fraud or tax evasion by anyone". In Kushner's case, the depreciation took place despite Kushner Companies buying its properties with borrowed money.

Lady Gaga engaged? The singer thanks 'fiance' during speech
Gaga was engaged to Taylor Kinney before they broke up in 2016. "And because they hid, I began to hide". Lady Gaga announced her engagement to Christian Carino .

Amazon launches new waterproof Kindle Paperwhite
Further, it's now possible to save multiple reading settings, including font, boldness level, display orientation and more. This new feature, along with a redesigned Home screen, will be coming to older devices as well as the new Paperwhite.

Singapore Airlines launches Airbus A350-900ULR service
With the new service, United will offer more nonstop service from more cities to Hilton Head Island than any other airline. Business Insider purchased a business class ticket on board the return flight from Newark to Singapore.

IndyCar model murdered while driving into work; police search for shooter
After the incident, Quayle was moved to another hospital, where she was put on life support due to severe brain damage. She was taken to Southern Regional Medical Center with critical injuries and was later taken to another hospital.

Mourinho gets FA charge for 'abusive language' in Newcastle win
The Sun however reports that the English FA have now found the Red Devils boss guilty after about a week of investigation. Mourinho said it would be "difficult" for Taylor to officiate United's game at Liverpool on October 17, 2016.

Lionel Messi's Argentina absence a pity for football Neymar
The South American rivals are both continuing their post-World Cup rebuilding in an exhibition tournament in the Middle East. Register with William Hill HERE & bet £10, get £30 in free bets. "Hopefully he's just taking a rest", added Romero .

Uber 'could land $120bn price-tag' in upcoming IPO
It resumed testing in Pennsylvania in July, but with a driver behind the wheel at all times, the company said. JPMorgan Chase will lead the offering, along with Credit Suisse and Jefferies Group, the Journal said.

US judge approves settlement between SEC, Tesla and Elon Musk
Shortly after, Musk tweeted a "visual approximation" of the alcohol , branded with the Tesla's logo and in its signature typeface. The mercurial American entrepreneur saw Tesla shares drop the next day, closing down some 5 percent.

Trump praises release of Pastor Brunson at Kentucky rally
McConnell returned the compliment and told the president to continue nominating judges and "we'll keep confirming them". The rally Saturday follows former Vice President Joe Biden's appearance in Kentucky Friday in support of McGrath.

Child 'Vampire' Was Buried 1,550 Years Ago in Italy
Enlarge / The child's skeleton was found lying on its side in a cemetery previously believed to just be for babies and toddlers. The oldest remains found previously were those of a three-year-old girl whose hands and feet were weighed down with stones.

Dodgers' Fans Boo Grandal, Barnes To Start In Game 4
He's having a little bit of a rough patch, which we all as humans as baseball players go through. They want to win". "I think it's driving you guys nuts more than it's driving me", Grandal said.

Woodland, Leishman, Sharma share CIMB Classic lead
Woodland equaled the course record of 61 on Friday that Justin Thomas shot on his way to winning the event in 2015. This golf course suits up pretty good for me, I've had success here in the past.

Piggy-back’ Keita third Liverpool star hurt in Africa
Sadio Mane was taken to hospital yesterday ahead of Senegal's game against Sudan having reportedly broken his thumb. Salah was forced off in Egypt's win over Swaziland last week and has already returned to Liverpool for treatment.

Other news