• Diesel emissions scandal: VW fined €1bn by German prosecutors
    7 replies, posted
Car giant Volkswagen has been fined €1bn (£880m) by German prosecutors over its diesel emissions scandal. The Braunschweig public prosecutor found VW had sold more than 10 million cars between mid-2007 and 2015 that had emissions-test-cheating software installed. The car firm said it did not plan to appeal against the fine. VW said it had admitted "its responsibility for the diesel crisis". The fine is one of the highest ever imposed by German authorities against a company. ... If this puts an end to criminal proceedings in Europe, VW may well think it's a relatively small price to pay. The company has consistently denied that the software fitted to its cars was actually illegal under European law. Nevertheless, it will welcome the disappearance of that particular legal threat. https://www.bbc.co.uk/news/business-44474781
I do love giant corporations getting humbled. And 1 billion smacks must be a nice sore incentive for these greedy fucks to think twice before cutting corners with our environment.
I think it's probably a bit too easy for them to shrug off, considering the 14bn profit they made last year. The US fine is much more appropriate.
1 billion out of 14 is still a fuckwad of money, and since they've probably already allocated where they will be spending that money in their budget for the future, that's bound to set the stage for some angry phonecalls.
Oh no, they will have to rework some budgets. How dreadful for them. It's a couple of months of profit of a single year. In the US they have to build an EV charging network as punishment.
ooft that is a lot of fucking dosh, even for a company like vw.
Fines should be in % instead of a specific amount. Forces large companies and rich people to follow the rules. Just like how Finland charges speed-tickets by monthly income.
It sounds like a lot, but in reality they probably sighed in relief, because they fraudulently made a LOT more money than 1bn.
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