Volkswagen to pay €1 billion fine over emissions
The administrative order provides for a fine of €1 billion in total, consisting of the maximum penalty as legally provided for of €5 million and the disgorgement of economic benefits in the amount of €995 million.
According to the findings of the investigation carried out by the Braunschweig public prosecutor, monitoring duties had been breached in the Powertrain Development department in the context of vehicle tests.
According to the results obtained by the Braunschweig public prosecutor, they were concurrent causes of 10.7 million vehicles in total with the diesel engines of the types EA 288 (Gen3), in the United States and in Canada, and EA 189, world-wide, being advertised, sold to customers, and placed on the market with an impermissible software function in the period from mid-2007 until 2015.
Following thorough examination, Volkswagen accepted the fine and it will not lodge an appeal against it. ■