Volkswagen 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.
The Federal Court found Volkswagen should have disclosed the information to the government when it sought approval to supply and import more than 57,000 cars into Australia between 2011 and 2015.
"This penalty reflects a trend of ever higher penalties for breaches of Australian consumer law," he said. In a statement, Volkswagen AG said it"had agreed in principle to the smaller sum and is now reviewing the court's reasons for deviating from that amount".The car manufacturer said most cars have now had an update to the engine control software under an ongoing voluntary recall.
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