2023 Author: Eric Donovan | [email protected]. Last modified: 2023-05-21 15:44
The Munich public prosecutor's office imposed a fine of 800 million euros on Audi in the diesel affair. "Audi AG has accepted the fine," VW announced on Tuesday.
The reason for the fine are "deviations from the regulatory requirements" for certain diesel engines. It was only in the summer that the Braunschweig public prosecutor's office imposed a fine of one billion euros on Volkswagen, which the company also accepted.
With the fine notice, after the administrative offense proceedings led by the Braunschweig public prosecutor, another important procedure in connection with the diesel affair will be terminated, the message said. The fine will have a direct impact on the result of the VW Group, and Audi has also lowered its financial targets for the current year.
Audi will miss its forecast for 2018
"Taking into account the special influences from the fine, the Audi Group will fall significantly short of key financial key figures from its forecast for the 2018 financial year," said the car maker. The amount of this was initially left open.
The Porsche Holding, as Volkswagen majority owner, also expects a lower profit due to the 2018 fine, among other things. After taxes, the group result will be between 2.5 and 3.5 billion euros, announced Porsche SE. Previously, the holding company had specified the corridor to be 900 million euros higher. According to Volkswagen, the fine is made up of the maximum legal penalty of 5 million euros and a levy of economic benefits in the amount of 795 million euros.
The investigation continues
The carmaker announced that Audi would not appeal against the fine: "Audi AG accepts the fine and thus acknowledges its responsibility." In the USA, Volkswagen had already paid billions in fines because of the diesel affair. And there was compensation for affected car owners.
Despite the fine imposed on Audi, the Munich public prosecutor's office continues to investigate the automaker. A spokesman for the authority said on Tuesday that there are still 20 suspects being investigated. With the fine, only pending administrative offense proceedings were concluded.
The investigation against the former Audi boss Rupert Stadler and other suspects is about the suspicion of illegal sales of vehicles with falsified emissions. Stadler is in custody. A complaint is pending at the Munich Higher Regional Court, the spokesman said. The public prosecutor submitted a statement on this. (AG / dpa)