Volkswagen paid almost $ 10 million to end the “diesel business”

Volkswagen paid almost $ 10 million to end the “diesel business”

May 20, 2020 0 By autotimesnews

German automaker Volkswagen paid a fine of about 9 million euros for the German prosecutor to stop the “diesel scandal” case against head of the board Herbert Diess and chairman of the supervisory board Hans-Dieter Petch, writes The Financial Times.

It is known that Dyssa and Petch were accused of intentionally hiding information from shareholders about the software installed on the car, which makes it possible to underestimate the level of harmful substances in exhaust gases. The decision to pay a fine was made in the interests of the concern itself, as well as to terminate the proceedings. This scandal that affected not only Volkswagen, but also other companies happened in 2015.

As a result of the study, it was found out that the cars of the concern had software that allowed them to underestimate the level of harmful substances in exhaust gases. Recall that in 2018, Audi faced a similar situation and had to pay a fine of 800 million euros.