Audi to pay $927 million fine over diesel scandal in Germany

2013 Audi TDI range
Audi agreed on Tuesday to pay a $928 million fine to put the diesel emissions-cheating scandal behind it in its home country, Germany.

The 800 million Euro fine to German authorities, consists of $923 million (795 million Euros) in profits the company made selling diesels that didn't comply with emissions standards plus the maximum fine of $5.8 million (5 million Euros), according to a Bloomberg report.

German authorities have been closing in on Audi in their investigation, arresting key executives, and releasing emails that allegedly show collusion between Audi and its competitors as well as Bosch, a supplier to all the German automakers.

READ THIS: Audi CEO arrested in Germany over diesel scandal

Much of the software that Volkswagen used to cheat emissions tests was reportedly developed at Audi, its upscale subsidiary.

The German fine comes on top of a $1 billion fine that parent-company Volkswagen agreed to pay in June.

In the U.S., where Volkswagen sold many times the number of diesels that Audi did, VW paid $25 billion to settle the diesel emissions cheating scandal.

CHECK OUT: German authorities uncover emissions-cheating collusion among diesel automakers

As part of the settlement, Audi admitted that it did not follow regulatory requirements.

The settlement has no effect on civil suits against the automaker over its diesel models or on criminal cases against its executives.

Audi executives warned investors that the fine will have a significant effect on its earnings this year.

Volkswagen MEB platform architecture

The fines come just as the Volkswagen Group is investing $40 billion in developing electric cars to replace the efficient-but-dirty diesels.

The company plans to introduce a range of 27 new electric cars by 2022, including a small hatchback, the ID, crossover SUV (ID Crozz), and an update to the classic Microbus (the ID Buzz,) Along with its subsidiaries, the company is developing at least three dedicated platforms for electric cars and investing in new solid-state battery technology.

Audi plans to introduce its first all-electric car, the e-tron SUV, in the U.S. next spring.

Drive.ai Launches Free, On-Demand Ride-Hailing in Arlington

According to Drive.ai, the City of Arlington sees 14 million visitors a year and hosts 100,000 people in its entertainment district during Cowboys and Rangers games. Photo via Drive.ai.  Drive.ai launched its free, on-demand ride-hailing service in Arlington, Texas, Friday, deploying a fleet of autonomous vehicles to be used by the city’s residents and visitors.… Continue reading Drive.ai Launches Free, On-Demand Ride-Hailing in Arlington

Political spirit driver

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The Formula 1 in the vale of tears

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BMW Group expands technical campaign

BMW Group expands technical campaign Munich. Internal BMW Group investigations have revealed that in the case of some diesel vehicles glycol-leakage from the EGR- (Exhaust-Gas-Recirculation-) Cooler can occur. In combination with typical soot deposits and the high temperatures normally present in the EGR module this might result in smoldering particles. This could lead in very… Continue reading BMW Group expands technical campaign

Navya & its production site in the USA

Navya, the French manufacturer of autonomous e-shuttles, is expanding its production facility in Michigan. An autonomous freight car is also planned. The US is the main market for Navyaaccording to the comments of the manufacturer of autonomous e-shuttles regarding the extension of the manufacturing facility in the US state of Michigan. Navya in the M… Continue reading Navya & its production site in the USA

Revenues of €11.5 billion in the third quarter of 2018

Group registrations increased by 2.9%, including Jinbei and Huasong brands since January 1, 2018. On an equivalent scope to 2017, Groupe Renault sales decreased by 1.7% in a global market that fell by 2.4%. Group revenues amounted to €11,484 million1-2 in the quarter (-6.0%). At constant exchange rates and perimeter3, the decrease would have been… Continue reading Revenues of €11.5 billion in the third quarter of 2018

Autocar confidential: a ‘turning’ point for Bugatti, Jaguar I-Pace waiting times, Maybach’s future & more

This week’s snippets of automotive news include news on Infiniti upcoming SUV, the Bugatti Divo, Jaguar I-Pace wait-times, the plan for Maybach and Skoda on diesel. Infiniti on a new SUV model: Infiniti design director Karim Habib has hinted that a smaller, dedicated SUV sibling to the QX50 could be shown next year. While remaining… Continue reading Autocar confidential: a ‘turning’ point for Bugatti, Jaguar I-Pace waiting times, Maybach’s future & more