According to management, the company is in the final stage of settling the fine payable to Federal US authorities. The latest indication is a number of $4.3bn. This amount seems to be acceptable to the authorities under the condition that VW pleads guilty for having used cheating software that allowed it to defraud both US consumers and US laws. Further State fines have to be expected. Simultaneously, US authorities seem to have found evidence that top management was not only informed about t
11 Jan 2017
VW pleads guilty in the US but innocent in Europe?
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VW pleads guilty in the US but innocent in Europe?
Porsche Automobil Holding SE Pref (PAH3:WBO) | 0 0 (0.0%) | Mkt Cap: 7,181m
- Published:
11 Jan 2017 -
Author:
Hans-Peter Wodniok -
Pages:
2
According to management, the company is in the final stage of settling the fine payable to Federal US authorities. The latest indication is a number of $4.3bn. This amount seems to be acceptable to the authorities under the condition that VW pleads guilty for having used cheating software that allowed it to defraud both US consumers and US laws. Further State fines have to be expected. Simultaneously, US authorities seem to have found evidence that top management was not only informed about t