Volkswagen hit with record $125 million penalty

It’s the largest ever fine for breaches of Australian Consumer Law – dwarfing the previous record of $26 million against training college Empower Institute – and comes under new laws that dramatically increase penalties.

“Volkswagen’s conduct was blatant and deliberate,” ACCC chairman Rod Sims said in a statement on Friday. German prosecutors searched Volkswagen’s offices earlier this month over the long-running “Dieselgate” emissions cheating scandal. Picture: Thomas Kienzle/AFPHad the Volkswagen vehicles been tested while operating in the actual driving mode, they would have exceeded Australia’s allowed nitrogen oxide emissions limits.

“Volkswagen’s conduct undermined the integrity and functioning of Australia’s vehicle import regulations which are designed to protect consumers.”

should have been billions, right Greta?

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Volkswagen fined $125 million for contravening consumer lawVolkswagen is hit with a double whammy in one day — fined $125 million for misleading consumers about its diesel emissions and hit with allegations that it broke responsible lending laws. In a nation without emissions standards? Big deal. That’s petty cash to VW.
Source: abcnews - 🏆 5. / 83 Read more »

Volkswagen fined $125 million for contravening consumer lawVolkswagen is hit with a double whammy in one day — fined $125 million for misleading consumers about its diesel emissions and hit with allegations that it broke responsible lending laws. In a nation without emissions standards? Big deal. That’s petty cash to VW.
Source: abcnews - 🏆 5. / 83 Read more »