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.

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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.


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