Volkswagen has to pay a billion euros fine

I n the diesel affair has the prosecutor Braunschweig a fine over one billion euros against Volkswagen imposed. “Volkswagen accepts the fine and is thus committed to its responsibility,” said Volkswagen AG on Wednesday.

According to the results of the investigations of the prosecutor’s office, it had come to “breaches of supervision in the department of aggregate development in connection with the vehicle inspection,” it says in the message. According to the prosecutors, these are “contributing factors” to the fact that from mid-2007 to 2015 “a total of 10.7 million vehicles with the diesel engine type EA 288 (Gen3) in the United States and Canada and EA 189 with an impermissible software function advertised to customers worldwide sold and placed on the market “.

The fine According to Volkswagen, it is made up of the maximum legal penalty of € 5 million and a reduction of economic benefits totaling € 995 million.

The carmaker announced that it would file no appeal against the fine. “Volkswagen is thus committed to its responsibility for the diesel crisis and sees in this another important step to its management,” it said in the message. This would terminate a current administrative offense procedure. “Volkswagen assumes that the termination of this procedure will also have a significant positive impact on other regulatory proceedings conducted in Europe against Volkswagen AG and its affiliates.”