Volkswagen AG says it is weighing up whether to appeal an Australian record $125 million fine for breaching consumer law
German auto giant Volkswagen AG says it is weighing up whether to appeal an Australian record $125 million fine for breaching diesel emissions standards,The $125 million penalty - the biggest on record for a breach of Australian consumer law - was handed down on Friday after the Federal Court declared by consent Volkswagen AG did not disclose the existence of"two-mode" software when it sought approval to supply and import more than 57,000 vehicles into Australia between 2011 and 2015.
Despite admitting the wrongdoing, the carmaker said it was considering appealing the $125 million penalty on account of it outstripping a deal struck with the ACCC for a $75 million fine plus $4 million legal costs. In a release on Friday, Mr Sims said Volkswagen AG's conduct had been blatant and deliberate but he made no mention of the previous $75 million agreement with the company.
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