Germany slaps Audi with 800M euro fine for diesel misdeeds
That's sure to make a dent in the automaker's annual financial report.
Andrew KrokReviews Editor / Cars
Cars are Andrew's jam, as is strawberry. After spending years as a regular ol' car fanatic, he started working his way through the echelons of the automotive industry, starting out as social-media director of a small European-focused garage outside of Chicago. From there, he moved to the editorial side, penning several written features in Total 911 Magazine before becoming a full-time auto writer, first for a local Chicago outlet and then for CNET Cars.
Sometimes, it's best to just take your slap on the wrist and promise not to mess up again. That's what
plans to do with regards to the massive fine it just received from German prosecutors.
Munich has hit Audi with an 800 million euro (about $926 million) fine, the automaker said in an announcement today. The fine is related to its six- and eight-cylinder diesel engines, which violated emission regulation standards in the country. These vehicles were equipped with illegal software that curtailed the vehicles' emissions during testing, but when the vehicles hit the road, they polluted more than legally permitted.
Audi said in a statement that it will not appeal the fine. "By [not appealing], Audi AG admits its responsibility for the deviations from regulatory requirements," the automaker said in a statement. Audi also recognizes that this will affect its bottom line, saying in the same statement that "these special items ... will significantly undercut major financial key performance indicators forecasted for the fiscal year 2018."
Audi's parent company, Volkswagen, has also been busy forking over dough for its diesel malfeasance. As of September 2017, Volkswagen spent $30 billion in the USalone, split between a mix of vehicle fixes, buybacks and environmental remediation efforts. It also created Electrify America, a brand-agnostic subsidiary dedicated to help push consumers toward electric vehicles of all makes.
2019 Audi E-Tron electric SUV blazes a trail in the Kalahari