Largest Fine In History, Volkswagen To Pay $2.8billion For False Emission Test. - Autos - Nairaland
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| Largest Fine In History, Volkswagen To Pay $2.8billion For False Emission Test. by Explorers(m): 6:02pm On Apr 21, 2017 |
Volkswagen has been ordered to pay a $2.8billion criminal penalty in the United States for cheating on diesel emissions tests, the largest fine ever imposed by the government on an automaker. Nearly 600,000 diesel cars in the US were fitted with defeat device software to switch engines to a cleaner mode when they were being tested for emissions. Federal Judge Sean Cox in Detroit followed the deal negotiated by VW and the US Justice Department. 'This is a case of deliberate, massive fraud perpetrated by VW management,'said Cox. 'This case also involves a failure of the VW supervisory board, which is government, labor and shareholders.' http://www.ctvnews.ca/business/volkswagen-to-pay-2-8-billion-in-u-s-diesel-emission-scandal-1.3378767 http://www.dailymail.co.uk/news/article-4432908/Volkswagen-ordered-pay-2-8billion-cheating.html 1 Like 1 Share
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| Re: Largest Fine In History, Volkswagen To Pay $2.8billion For False Emission Test. by Explorers(m): 6:05pm On Apr 21, 2017 |
The sentence was ordered Friday, six weeks after the German automaker pleaded guilty to conspiracy and obstruction of justice. VW admits that nearly 600,000 diesel cars in the US were fitted with defeat device software to switch engines to a cleaner mode when they were being tested for emissions. VW attorney Jason Weinstein says the criminal fine is an 'appropriate and serious sanction'. Separately, VW is paying $1.5billion in a civil case brought by the government and spending $11 billion to buy back cars and offer other compensation. Seven employees have also been charged.
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| Re: Largest Fine In History, Volkswagen To Pay $2.8billion For False Emission Test. by Explorers(m): 6:11pm On Apr 21, 2017 |
VW CEO Matthias Mueller, seen here in March, apologized to Obama last year for the scandal.
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| Re: Largest Fine In History, Volkswagen To Pay $2.8billion For False Emission Test. by Nobody: 6:12pm On Apr 21, 2017 |
Gbese re ooooo |
| Re: Largest Fine In History, Volkswagen To Pay $2.8billion For False Emission Test. by Oluwamuyeewa(m): 6:32pm On Apr 21, 2017 |
Ok
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| Re: Largest Fine In History, Volkswagen To Pay $2.8billion For False Emission Test. by EdDave(m): 6:37pm On Apr 21, 2017 |
More than MTN s fine? |
| Re: Largest Fine In History, Volkswagen To Pay $2.8billion For False Emission Test. by GAZZUZZ(m): 7:26pm On Apr 21, 2017 |
Nah who blow that  1 Like |
| Re: Largest Fine In History, Volkswagen To Pay $2.8billion For False Emission Test. by ichommy(m): 7:43pm On Apr 21, 2017 |
Kuku Kee Me  |
| Re: Largest Fine In History, Volkswagen To Pay $2.8billion For False Emission Test. by ichommy(m): 7:43pm On Apr 21, 2017 |
1 Like |
| Re: Largest Fine In History, Volkswagen To Pay $2.8billion For False Emission Test. by pacino26(m): 7:46pm On Apr 21, 2017 |
This is what I call "FINE" The govt didn't just arrive at that amount like the way we discover millions in houses. They conducted tests, fool proof enough to detect the bluff of VW. SON and Co, shame on you guys. 1 Like |
| Re: Largest Fine In History, Volkswagen To Pay $2.8billion For False Emission Test. by Adesiji77: 10:07pm On Apr 21, 2017 |
Gbese.com  |
| Re: Largest Fine In History, Volkswagen To Pay $2.8billion For False Emission Test. by Toybreezy: 10:39pm On Apr 21, 2017 |
I hope they don't close up. |
| Re: Largest Fine In History, Volkswagen To Pay $2.8billion For False Emission Test. by tk4rd: 3:51am On Apr 22, 2017 |
I need just 0.05% of that amount.. |
| Re: Largest Fine In History, Volkswagen To Pay $2.8billion For False Emission Test. by Folksyharry(m): 6:17pm On Apr 23, 2017 |
VW will wish this happened in Nigeria because they would have been able to bribe a few people and automatically the billions will change to millions. This is really bad for their PR. |
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