Audi accepts 800m euro fine for V6/V8 diesel offences

Audi fined $925 million in Germany for dieselgate scandal - Autoblog

Munich has hit Audi with an 800 million euro (about $926 million) fine, the automaker said in an announcement today.

Wolfsburg - The Volkswagen Group cleared a new hurdle in its "dieselgate" scandal on Tuesday, paying a hefty fine to close a German investigation into its Audi brand, but the auto giant is not yet in the clear over its years of emissions cheating.

The penalty is made up of the maximum fine of five million euros and the seizure of €795 million in profits the carmaker received selling the engines with rigged software, according to Munich prosecutors. Audi also recognizes that this will affect its bottom line, saying in the same statement that "these special items. will significantly undercut major financial key performance indicators forecasted for the fiscal year 2018".

The penalty came on top of total costs in fines, buybacks and refits of more than €27 million that Volkswagen had to pay out over its emissions cheating scandal.

Prosecutors said the failure of proper corporate oversight by Audi AG enabled deliberate wrongdoing by individuals. "Audi accepts the fine and, by doing so, admits its responsibility", the company said in a statement.

It was noted that Ingolstadt also failed to discover that EA288 (Gen3) engines in the U.S. and Canada and EA189 engines worldwide produced by Volkswagen were advertised, sold to customers, and placed on the market with an impermissible software function from 2004.

VW admitted in 2015 to building so-called "defeat devices" into 11 million cars worldwide.

For almost 10 years, Volkswagen and its subsidiaries produced diesel cars with exhaust control equipment rigged to shut off once they were tested by regulators.

The settlement covers about five million cars sold in Europe and the U.S., from 2004 to 2018.



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