VW Hit With Nearly $1.2 Billion Fine In Germany For Dieselgate Scandal

Germany’s diesel crisis shows no signs of slowing down but Volkswagen hasn’t been forced to face the music in its home country.

That’s changing today as the Braunschweig public prosecutor has slapped the company with a €1 ($1.17) billion fine for its involvement in the dieselgate scandal. The massive figure consists of a €5 ($5.8) million plenty – the maximum allowed – and a €995 million ($1.16 billion) fee for “disgorgement of economic benefits.”

According to the prosecutor, “monitoring duties had been breached in the Powertrain Development department” and this caused 10.7 million vehicles to be advertised, sold and placed on the market with diesel engines featuring an “impermissible software function.” That’s a fancy way of saying defeat device and the prosecutor notes the cheating occurred on EA 288 engines sold in Canada and the United States as well as EA 189 engines sold worldwide. The prosecutor went on to say this illegal activity occurred between mid-2007 and 2015.

In a short press release, Volkswagen AG said they have decided to accept the fine following a “thorough examination” of the prosecutor’s administrative order. The company also promised not to appeal the penalty.

By accepting the fine, Volkswagen says they admit “responsibility for the diesel crisis.” While the company will have to cough up a significant amount of cash, Volkswagen noted “active regulatory offence proceedings conducted against Volkswagen will be finally terminated.” The automaker went on to say this termination will likely have “significant positive effects” on other administrative proceedings against the company and its subsidiaries.

While this particular matter is resolved, Bloomberg reports the company is still facing legal proceedings in 55 countries and still isn’t off the hook in Germany. Speaking of the latter, German investigators are looking into whether or not Volkswagen hid knowledge of the scandal from investors. Volkswagen subsidiaries Audi and Porsche are also being investigated and Audi CEO Rupert Stadler’s home was recently raided by authorities.

  • Six_Tymes

    that’s all? they got away EASY

    • Vassilis

      1.2 billion is easy? Seriously?

      • Daniela Wolf

        950 Million €

        not even 1/10 of their annual earnings.

        • Vassilis

          In 2016, VW’s net income was 1.9 billion euros. The fine is 50% of that. What would make you happy instead? Shut down the company?

          • Daniela Wolf

            VW earned 11 billion € in 2017.

          • Vassilis

            Yeah OK, the fine is still almost 10% of that. It is not insignificant.

  • Alfa Giulia QV

    Meh, they’ll pay the fine and go on about their business. Nothing to see here folks.

  • Bo Hanan

    Thanks VW in Germany!

  • Jason Panamera

    It’s obvious since VW is one of the biggest employer in Germany, since it has strong influence in politics of Germany, since Germany is one of it’s shareholders. Pff.

    • Daniela Wolf

      How many jobs did VW create in the states?

      • Jason Panamera

        Not enough to get such small fine.

        • Daniela Wolf

          It’s not a real fine – u would call it settlement.

          • Jason Panamera

            Personally I would call it even a good joke.

          • Daniela Wolf

            Well i would have accepted the deal, too.^^
            VW is amlost done with it’s juristical problems.

  • TheHake

    So what is that €1b going to be used for? Helping the environment? I think not.

    • Daniela Wolf

      The environment is not realyl damaged.
      NOx doesn’t kill the nature.

      • TheHake

        Yes, but using it to house refugees is not the idea either…

        • Belthronding

          Ok,you better not to give them idea.

  • they must just be strong shem

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