Volkswagen fined $1.2 billion in Germany over diesel scandal
Wednesday, 13 June 2018 () BERLIN (AP) — Automaker Volkswagen says it’s being fined 1 billion euros ($1.18 billion) by German authorities in connection with the diesel emissions scandal. Volkswagen said in a statement Wednesday it would accept the fine imposed by prosecutors in the German city of Braunschweig. Prosecutors concluded that Volkswagen failed to properly oversee the activity of […]
The head of Volkswagen's luxury arm Audi was arrested on Monday, the most senior company official so far to be taken into custody over the German carmaker's emissions test cheating scandal. Sonia Legg reports
Jun.18 -- Audi CEO Rupert Stadler was taken into custody in Munich as part of the diesel-cheating scandal impacting the automaker and parent company Volkswagen. Bloomberg's Elizabeth Behrmann reports..