Wednesday, March 05, 2025 | 04:54 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Australia fines Volkswagen $86 mn for misleading car buyers about emissions

Volkswagen said separately it will review the assessment, which exceeds an earlier settlement of A$75 million, and may appeal

Volkswagen, car
Premium

The scandal -- which started four years ago when Volkswagen admitted to cheating on diesel emissions tests -- has already cost the company more than $30 billion

Bloomberg
An Australian federal court ordered Volkswagen AG to pay a record A$125 million ($86 million) fine for misleading car buyers about emissions, as the biggest scandal in modern automotive history continues to drag the carmaker.
 
The penalty is the highest-ever under the country’s consumer law, the Australian Competition & Consumer Commission said Friday in a statement. Volkswagen said separately it will review the assessment, which exceeds an earlier settlement of A$75 million, and may appeal.
 
The scandal -- which started four years ago when Volkswagen admitted to cheating on diesel emissions tests -- has already cost the company

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in