{"id":2428,"date":"2018-10-17T01:05:27","date_gmt":"2018-10-17T01:05:27","guid":{"rendered":"http:\/\/baileyonlineclassroom.com\/europeandrussiablog\/?p=2428"},"modified":"2018-10-17T01:05:27","modified_gmt":"2018-10-17T01:05:27","slug":"audi-fined-800-million-euros-over-diesel-emissions-scandal","status":"publish","type":"post","link":"https:\/\/baileyonlineclassroom.com\/europeandrussiablog\/2018\/10\/17\/audi-fined-800-million-euros-over-diesel-emissions-scandal\/","title":{"rendered":"Audi fined 800 million Euros over diesel emissions scandal"},"content":{"rendered":"<p class=\"story-body__introduction\">Audi has been fined \u20ac800m (\u00a3700m) to settle an investigation by German prosecutors into breaches of diesel emissions rules.<\/p>\n<p>The premium car brand, owned by Volkswagen, said it &#8220;accepts the fine and &#8230; admits its responsibility&#8221;.<\/p>\n<p>In June, VW agreed a \u20ac1bn settlement in Germany over the emissions scandal, which came to light in 2015.<\/p>\n<p>Audi, whose ex-boss Rupert Stadler is being investigated over &#8220;dieselgate&#8221;, said affected cars spanned 2004-18.<\/p>\n<p><a class=\"story-body__link-external\" href=\"https:\/\/www.audi-mediacenter.com\/en\/press-releases\/munich-ii-public-prosecutor-concludes-regulatory-offences-proceedings-by-issuing-administrative-order-imposing-a-fine-bussgeldbescheid-audi-ag-accepts-the-fine-and-by-doing-so-admits-its-responsibility-10852\">Audi said in a statement<\/a> that some V6 and V8 diesel engines were &#8220;placed on the market with an impermissible software function&#8221;. Other engines implicated include the widely-used EA 288 and EA 189.<\/p>\n<p>In 2015, US investigators discovered that some VW diesel cars were fitted with what became known as &#8220;defeat devices&#8221; to flatter emissions readings during engine tests so that the true output of nitrogen oxides was reduced.<\/p>\n<p>The scandal spread throughout the motor industry, engulfing not just VW and its other car brands, but to other motor manufacturers.<\/p>\n<p>VW admitted in 2015 to putting defeat device software into 11 million cars worldwide. The company&#8217;s total costs in fines, buybacks and refits has now reached \u20ac27bn.<\/p>\n<p>While the probe against Audi is now closed, other cases against executives from the VW group &#8211; including former chief executive Martin Winterkorn &#8211; remain open, with charges including fraud, false advertising and failure to keep investors informed.<\/p>\n<p>Earlier this month, VW ousted Audi chief executive Rupert Stadler. <a class=\"story-body__link\" href=\"https:\/\/www.bbc.co.uk\/news\/business-44583695\">In June, he was put under investigation by German prosecutors<\/a> over alleged fraud and false advertising involving the sale of cars with defeat devices, and remains in police custody.<\/p>\n<p>Audi&#8217;s fine of \u20ac800m consists of \u20ac5m for regulatory rule-breaking, with the rest being payment for the economic benefits resulting from the sale of cars with defeat devices.<\/p>\n<p>Audi, VW group&#8217;s most profitable brand, said the fine would hit its financial performance this year.<\/p>\n<p>VW share price initially fell on the news, but later rose more than 2% in Frankfurt<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Audi has been fined \u20ac800m (\u00a3700m) to settle an investigation by German prosecutors into breaches of diesel emissions rules. The premium car brand, owned by Volkswagen, said it &#8220;accepts the fine and &#8230; admits its responsibility&#8221;. In June, VW agreed a \u20ac1bn settlement in Germany over the emissions scandal, which came to light in 2015. Audi, whose ex-boss Rupert Stadler&#8230; <a href=\"https:\/\/baileyonlineclassroom.com\/europeandrussiablog\/2018\/10\/17\/audi-fined-800-million-euros-over-diesel-emissions-scandal\/\">Read more &raquo;<\/a><\/p>\n","protected":false},"author":76,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[104],"class_list":["post-2428","post","type-post","status-publish","format-standard","hentry","category-article","tag-bbc-news"],"_links":{"self":[{"href":"https:\/\/baileyonlineclassroom.com\/europeandrussiablog\/wp-json\/wp\/v2\/posts\/2428","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/baileyonlineclassroom.com\/europeandrussiablog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/baileyonlineclassroom.com\/europeandrussiablog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/baileyonlineclassroom.com\/europeandrussiablog\/wp-json\/wp\/v2\/users\/76"}],"replies":[{"embeddable":true,"href":"https:\/\/baileyonlineclassroom.com\/europeandrussiablog\/wp-json\/wp\/v2\/comments?post=2428"}],"version-history":[{"count":1,"href":"https:\/\/baileyonlineclassroom.com\/europeandrussiablog\/wp-json\/wp\/v2\/posts\/2428\/revisions"}],"predecessor-version":[{"id":2429,"href":"https:\/\/baileyonlineclassroom.com\/europeandrussiablog\/wp-json\/wp\/v2\/posts\/2428\/revisions\/2429"}],"wp:attachment":[{"href":"https:\/\/baileyonlineclassroom.com\/europeandrussiablog\/wp-json\/wp\/v2\/media?parent=2428"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/baileyonlineclassroom.com\/europeandrussiablog\/wp-json\/wp\/v2\/categories?post=2428"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/baileyonlineclassroom.com\/europeandrussiablog\/wp-json\/wp\/v2\/tags?post=2428"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}