Volkswagen Group will pay another $1.2 billion in Germany over diesel scandal
In Summary : A German court fined Volkswagen Group €1 billion ($1.2 billion) this week for its role in the 2015 diesel scandal. The fine i...
https://updatesinfosec.blogspot.com/2018/06/volkswagen-group-will-pay-another-12.html
In Summary :
A German court fined Volkswagen Group €1 billion ($1.2 billion) this week for its role in the 2015 diesel scandal. The fine is among the largest imposed on a company in Germany's history, according to the prosecutor in the case, and it shows that the German automaker is still dealing with the fallout from a persistent pattern of lying to regulators.The diesel scandal first became public in the United States three years ago after regulators discovered that Volkswagen diesel vehicles were emitting significantly more nitrogen oxide (NOx) while on the road than the legal limit. Later, researchers were able to find the exact code that suppressed the emissions control system on 2007-2015 diesel Volkswagens, Audis, and Porsches from Volkswagen Group.
The new German fine is related to "inadequate oversight" in the powertrain department, according to CNN Money.
Volkswagen Group issued a statement on Wednesday saying that it would accept the fine and would not appeal the verdict. "Volkswagen AG, by doing so, admits its responsibility for the diesel crisis and considers this as a further major step towards the latter being overcome," the statement noted. The company's statement also noted that paying the fine would end "active regulatory offense proceedings" by the public prosecutor. [...]
kindly refer the following link as follow up :
https://arstechnica.com/?p=1331081
A German court fined Volkswagen Group €1 billion ($1.2 billion) this week for its role in the 2015 diesel scandal. The fine is among the largest imposed on a company in Germany's history, according to the prosecutor in the case, and it shows that the German automaker is still dealing with the fallout from a persistent pattern of lying to regulators.The diesel scandal first became public in the United States three years ago after regulators discovered that Volkswagen diesel vehicles were emitting significantly more nitrogen oxide (NOx) while on the road than the legal limit. Later, researchers were able to find the exact code that suppressed the emissions control system on 2007-2015 diesel Volkswagens, Audis, and Porsches from Volkswagen Group.
The new German fine is related to "inadequate oversight" in the powertrain department, according to CNN Money.
Volkswagen Group issued a statement on Wednesday saying that it would accept the fine and would not appeal the verdict. "Volkswagen AG, by doing so, admits its responsibility for the diesel crisis and considers this as a further major step towards the latter being overcome," the statement noted. The company's statement also noted that paying the fine would end "active regulatory offense proceedings" by the public prosecutor. [...]
kindly refer the following link as follow up :
https://arstechnica.com/?p=1331081
