• Home
  • News
  • Coins2Day 500
  • Tech
  • Finance
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Audi Fined $926 Million Over Volkswagen Diesel Emissions Scandal

By
Renae Reints
Renae Reints
Down Arrow Button Icon
By
Renae Reints
Renae Reints
Down Arrow Button Icon
October 16, 2018, 1:24 PM ET

German prosecutors fined Audi, a Volkswagen subsidiary, €800 million ($926 million) over the automaker’s ongoing diesel emissions scandal.

Volkswagen accepted the fine Tuesday and admitted rigging software to make its vehicles appear to comply with clean air regulations, when in fact they did not. In a company statement, Volkswagen said the fine “will directly affect Volkswagen AG’s financial earnings and, as a negative special item, reduce the group earnings of Volkswagen AG accordingly.”

Volkswagen has already paid billions in fines following the 2015 reveal of the emissions scandal—dubbed “dieselgate”—and former employees have faced charges for the cover-up. In June, Audi CEO Rupert Stadler was arrested by Munich prosecutors. The investigation into Stadler and other executives is ongoing.

For nearly 10 years, Volkswagen and its subsidiaries produced diesel cars with exhaust control equipment rigged to shut off once they were tested by regulators. While car owners may have believed they were driving eco-friendly vehicles, they were actually emitting illegal levels of toxic chemicals into the air.

In this particular case, Volkswagen faced fines for the emissions of V6 and V8 diesel engines manufactured by Audi and installed in Audi, Volkswagen, and Porsche vehicles. The case also addressed EA 189 and EA 288 engines manufactured by Volkswagen and installed in Audi vehicles.

In June, Volkswagen also agreed to pay a 1 billion euro ($1.2 billion) fine imposed by German prosecutors. The emissions scandal impacted up to 11 million vehicles sold across Europe and the U.S.

About the Author
By Renae Reints
See full bioRight Arrow Button Icon
Rankings
  • 100 Best Companies
  • Coins2Day 500
  • Global 500
  • Coins2Day 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Coins2Day Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Coins2Day Brand Studio
  • Coins2Day Analytics
  • Coins2Day Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Coins2Day
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

© 2025 Coins2Day Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Coins2Day Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.