Volkswagen fined $1.2 billion in Germany over diesel scandal

[DonViejo]

Source: Associated Press



Associated Press June 13, 2018

BERLIN (AP) — Automaker Volkswagen says it's being fined 1 billion euros ($1.18 billion) by German authorities in connection with the diesel emissions scandal.

Volkswagen said in a statement Wednesday it would accept the fine imposed by prosecutors in the German city of Braunschweig.

Prosecutors concluded that Volkswagen failed to properly oversee the activity of its engine development department, resulting in some 10.7 million diesel vehicles with illegal emissions-controlling software being sold worldwide.

The scandal, which came to light in the United States in 2015, has already cost the German automaker billions in penalties imposed by U.S. authorities.

Read more: https://finance.yahoo.com/news/volkswagen-fined-1-2-billion-germany-over-diesel-161026052--finance.html

[sandensea]

1. A government that still has some authority over its corporations.

I had forgotten what that looked like.

[bucolic_frolic]

2. Sometimes

I wish I'd taken "Government Regulation of Business" but it was probably just a right wing nut job trashing the environment

Maybe catch a course on openculture.com, see if I can stand it as if it's important at this point.

[Maxheader]

3. Won't see that here....

https://www.google.com/search?source=hp&ei=c0chW9O2MYTVzgKTrYW4Dg&q=auto+manufacturers+requesting+lowering+of+emissions&oq=auto+manufacturers+requesting+lowering+of+emmission&gs_l=psy-ab.1.0.33i21k1l2.1270.33202.0.36038.82.62.11.6.6.0.541.8870.0j24j11j5j0j1.41.0....0...1c.1.64.psy-ab..25.51.7713.0..0j0i67k1j0i131k1j0i131i20i264k1j0i10k1j0i20i264k1j0i22i30k1j33i160k1j33i22i29i30k1.0.TPPM-qjoOUE

[JustABozoOnThisBus]

5. "Jap junk?" Seriously? nt