Mexican Media Brands
VW Sold Cheater Diesels Worth €23 Billion in France
France’s anti-fraud agency says Volkswagen AG collected €23 billion ($25.5 billion) in the country by selling cars there that had been rigged to sidestep European emission standards.
#legal
Share
France’s anti-fraud agency says Volkswagen AG collected €23 billion ($25.5 billion) in the country by selling cars there that had been rigged to sidestep European emission standards.
The agency, DGCCRF, estimates VW also save €1.5 billion ($1.7 billion) by not equipping the affected vehicles to meet EU standards.
Such figures could be used by French courts to establish fines against VW if the company is convicted of fraud. Prosecutors in Paris are investigating those charges now.
RELATED CONTENT
-
U.S. Probes Possible Bosch Role in VW Diesel Scandal
The U.S. Dept. of Justice is investigating whether Robert Bosch GmbH aided Volkswagen AG in cheating on diesel emission tests, sources tell Reuters.
-
Former VW Exec Schmidt Gets Maximum Sentence in Diesel Scandal
Oliver Schmidt—the former Volkswagen AG executive who pleaded guilty in August to lying about VW’s diesel pollution cheating—has received the maximum sentence of seven years in prison and a $400,000 fine.
-
Report: Ghosn Kept List of Hidden Compensation
Japanese prosecutors have found a list apparently created by former Nissan Motor Co. Chairman Carlos Ghosn that charts compensation the company didn’t report but he expected to receive, The Nikkei says.