The German authorities are going to impose a fine on Volkswagen for diesel scandal

The German authorities are going to impose a fine on Volkswagen for diesel scandal


Moscow. July 12. The Prosecutor’s office in Braunschweig (lower Saxony) intends to seek the imposition of penalties on the automaker to Volkswagen AG in connection with the diesel scandal, reports The Wall Street Journal.

“We want to ensure that Volkswagen won’t benefit from manipulation with diesel engines, – said the representative of the Prosecutor’s office Klaus Tsie. – Americans think we are too soft on the company; this will prove that they are wrong.”

In theory the penalty can be huge – up to total profits of the company from the sale of all 11 million cars with diesel engines in which you have installed the device, lowered the emissions, said Tsie, refusing to name a specific amount.

Previously, Volkswagen reached an agreement with U.S. authorities on the settlement of claims and compensation for damage in connection with diesel scandal. The measures provided for in this agreement, will cost the company $15 billion In the past year Volkswagen has reserved on these purposes of $18 billion, and experts say that if German prosecutors will achieve a positive outcome, these tools may not be enough to cover all the fines and losses.