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Australian court fined Volkswagen over “Dieselgate” scandal

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Australian court fined Volkswagen over “Dieselgate” scandal
December 24
13:00 2019

The statement of The Competition and Consumer Protection Commission said that the company had delivered 57 thousand cars to the country from 2011 to 2015. But the company was punished because they had concealed the information about the change of harmful emission sensors, which showed underestimated parameters.

It became known about the manipulation of equipment in 2015 in the United States. Then it was found out that VW cars with diesel engines had installed software that underestimated the levels of harmful emissions several times over. The company admitted that such software had been installed in 11 million cars sold worldwide. In America, the automaker paid around $ 18 billion as compensation.

 

The material was prepared with the participation of Katya Wilson,
a leading analyst of the brokerage company UFT Group

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