Mexican Media Brands
Audi Says Its Diesel Cheating Costs Won’t Exceed €2 Billion
Volkswagen AG’s Audi unit says the €2 billion ($2.5 billion) it set aside for penalties related to its diesel emission cheating should be sufficient to cover all costs.
#economics
Share
Volkswagen AG’s Audi unit says the €2 billion ($2.5 billion) it set aside for penalties related to its diesel emission cheating should be sufficient to cover all costs.
Finance chief Alexander Seitz tells reporters that Audi has spent about €1.2 billion of the total to date. He says the company expects to disburse the remaining €800 million ($987 million) by the first quarter of 2019.
The funds are being used to pay for fines, repairs, vehicle buybacks and restitution involving to some 80,000 of its 3.0-liter V-6 diesels that were rigged to evade emission laws. German prosecutors are continuing to investigate Audi’s role in the VW Group cheating, which involved 11 million 4- and 6-cylinder diesels worldwide.
RELATED CONTENT
-
On Traffic Jams, Vehicle Size, Building EVs and more
From building electric vehicles—and training to do so—to considering traffic and its implication on drivers and vehicle size—there are plenty of considerations for people and their utilization of technology in the industry.
-
Revolutionary Hydrogen Storage Tank Design Could Propel H2 Deployment
Rather than storing hydrogen in a large cylindrical tank, Noble Gas has developed a conformal system
-
On Fuel Cells, Battery Enclosures, and Lucid Air
A skateboard for fuel cells, building a better battery enclosure, what ADAS does, a big engine for boats, the curious case of lean production, what drivers think, and why Lucid is remarkable
