Australia's competition regulator said the federal court has penalised Volkswagen AG a record $125 million for allegedly making false representations about compliance with the country's diesel emission standards.
German auto giant Volkswagen AG says it is weighing up whether to appeal an Australian record $125 million fine for breaching diesel emissions standards, stating an initial $75 million penalty agreed with the ACCC was "fair".
The breach of law occurred when the auto giant sought approval to supply and import more than 57,000 vehicles into Australia between 2011 and 2015.Essentially, Volkswagen's software made its diesel cars, utes and vans operate in two modes: one that was designed to test well and another that operated when the vehicle was actually being used and which produced higher emissions.
ACCC chairman Rod Sims said VW's conduct"was concealed from Australian regulators and the tens of thousands of Australian consumers driving these vehicles."ACCC Chair Rod Sims said Volkswagen AG's conduct had been blatant and deliberate. " was concealed from Australian regulators and the tens of thousands of Australian consumers driving these vehicles."
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