By Savannah Smith  |  06-13-2018   News
Photo credit: @WSJ | Twitter

Public prosecutors in Germany announced on Wednesday that they have meted out a $1.2 billion fine on Volkswagen for rigging diesel engine emissions worldwide.

Volkswagen joined the prosecutors’ announcement in a move to turn a page on a massive scandal that has rocked the company and practically killed the sales of diesel cars.

<blockquote class="twitter-tweet" data-lang="en"><p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/BreakingNews?src=hash&amp;ref_src=twsrc%5Etfw">#BreakingNews</a>: <a href="https://twitter.com/Volkswagen?ref_src=twsrc%5Etfw">@Volkswagen</a> fined more than $1 billion for diesel emissions cheating scandal <a href="https://t.co/mvDuzBPPrR">https://t.co/mvDuzBPPrR</a></p>&mdash; FOX Business (@FoxBusiness) <a href="https://twitter.com/FoxBusiness/status/1006935287707119616?ref_src=twsrc%5Etfw">June 13, 2018</a></blockquote>

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The penalty against Volkswagen marks one of the highest fines ever imposed on a company in Germany.

Volkswagen also announced that it has accepted the penalty, related to its inadequate oversight in the department that develops powertrains-engines and transmission systems.

Volkswagen added in its statement: “Volkswagen accepted the fine and it will not lodge an appeal against it. Volkswagen, by doing so, admits its responsibility for the diesel crisis and considers this as a further major step towards the latter being overcome.”

Such huge oversight on the part of Volkswagen resulted in 10.7 million vehicles being sold to customers in the U.S., Canada, and worldwide “with an impermissible software function in the period from mid-2007 until 2015.”

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A huge controversy first erupted in 2015 when the company admitted that it had rigged millions of diesel engines to cheat on emission tests. Volkswagen’s diesel cars and its Audi subsidiary cheated on clean air rules with software that made emissions appear less toxic than they were in reality.

After the scandal shook the company and the industry, Volkswagen saw its share price plunging and trashed confidence among car buyers and regulators in diesel technology.

The scandal cost Volkswagen more than $30 billion in recalls, legal penalties, and settlements.

Volkswagen’s former chief executive officer Martin Winterkorn was indicted last month by U.S. prosecutors. He was charged with wire fraud, and conspiracy to defraud American customers and violate the Clean Air Act.

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https://thegoldwater.com/news/17525-Video-Volkswagen-Asks-Virginia-Court-Dieselgate-Delay-After-Netflix-Nazi-Jibe

The U.S. government also charged eight other persons over emission cheating. Two former engineers have also pleaded guilty to the charges.

Social media users started commenting on the fine imposed on Volkswagen. Here are some of the juiciest opinions:

<blockquote class="twitter-tweet" data-lang="en"><p lang="en" dir="ltr">Volkswagen, Audi , BMW are Nazi era companies &amp; fully supported Hitler in every possible way</p>&mdash; LEON (@ValerioDiodorus) <a href="https://twitter.com/ValerioDiodorus/status/1006978113790758913?ref_src=twsrc%5Etfw">June 13, 2018</a></blockquote>

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<blockquote class="twitter-tweet" data-lang="en"><p lang="en" dir="ltr">That&#39;s nothing. The US made them pay, in fines and compensation, around $25bn for the cheating</p>&mdash; Jacket Country (@THWgeorgia) <a href="https://twitter.com/THWgeorgia/status/1006983015841476608?ref_src=twsrc%5Etfw">June 13, 2018</a></blockquote>

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<blockquote class="twitter-tweet" data-lang="en"><p lang="en" dir="ltr">Thanks for all of the pollution, Hitler’s car makers!</p>&mdash; mobilematt (@mobilematt) <a href="https://twitter.com/mobilematt/status/1006980261836394497?ref_src=twsrc%5Etfw">June 13, 2018</a></blockquote>

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<blockquote class="twitter-tweet" data-lang="en"><p lang="en" dir="ltr">Thanks for all of the pollution, Hitler’s car makers!</p>&mdash; mobilematt (@mobilematt) <a href="https://twitter.com/mobilematt/status/1006980261836394497?ref_src=twsrc%5Etfw">June 13, 2018</a></blockquote>

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<blockquote class="twitter-tweet" data-lang="en"><p lang="en" dir="ltr">Wow!! That has to hurt!!</p>&mdash; Susie (@ssssweetsue) <a href="https://twitter.com/ssssweetsue/status/1006937674589134848?ref_src=twsrc%5Etfw">June 13, 2018</a></blockquote>

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<blockquote class="twitter-tweet" data-lang="en"><p lang="en" dir="ltr">Not huge money given the size of the company and the offence. German gov should invest all of this into green schemes or carbon capture research.</p>&mdash; Brendan O&#39;Connor (@BrendanOC76) <a href="https://twitter.com/BrendanOC76/status/1006977533622018053?ref_src=twsrc%5Etfw">June 13, 2018</a></blockquote>

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<blockquote class="twitter-tweet" data-lang="en"><p lang="en" dir="ltr">Not enough!</p>&mdash; Calling Out BS (@CallingOutBS4U) <a href="https://twitter.com/CallingOutBS4U/status/1006943089569812480?ref_src=twsrc%5Etfw">June 13, 2018</a></blockquote>

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Related Coverage:

https://thegoldwater.com/news/17046-German-Carmakers-Tested-Diesel-Fumes-Effect-On-Humans

https://thegoldwater.com/news/2616-Is-Germany-s-Arrogance-Problem-Upsetting-the-World

Source:

https://www.clickondetroit.com/money/germany-fines-volkswagen-12-billion-for-diesel-scandal

Twitter: #MAGA #KeepAmericaGreat! #Germany #Volkswagen #EmissionCheating #GermanCars #VolkswagenFined
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