Volkswagen Fined One Billion Euros By German Prosecutors Over Emissions Cheating (reuters.com)

Volkswagen was fined one billion euros ($1.18 billion) over diesel emissions cheating in what amounts to one of the highest ever fines imposed by German authorities against a company, public prosecutors said on Wednesday. From a report: The German fine follows a U.S. plea agreement from January 2017 when VW agreed to pay $4.3 billion to resolve criminal and civil penalties for installing illegal software in diesel engines to cheat strict U.S. anti-pollution tests. "Following thorough examination, Volkswagen AG accepted the fine and it will not lodge an appeal against it. Volkswagen AG, by doing so, admits its responsibility for the diesel crisis and considers this as a further major step toward the latter being overcome," it said in a statement. The fine is the latest blow to Germany's auto industry which cannot seem to catch a break from the diesel emissions crisis. Germany's government on Monday ordered Daimler to recall nearly 240,000 cars fitted with illicit emissions-control devices, part of a total of 774,000 models affected in Europe as a whole.

Comments

Proper link

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The proper link is here: https://www.reuters.com/articl...

Re:Probably not enough

[fazig]

The bulk of “Dieselgate” lawsuits are being handled by prosecutors in Braunschweig where four separate sets of criminal proceedings are being conducted against current and former managers of VW, headquartered in nearby Wolfsburg.
Some 39 individuals including Winterkorn are being investigated over suspected emissions fraud, with the former CEO also being probed for suspected market manipulation together with Hans Dieter Poetsch, the group’s former finance chief who is now supervisory board chairman, and Herbert Diess, now group CEO who joined the firm in July 2015 as head of the VW brand.

Source: https://www.reuters.com/articl...

Then we have one of the major German newspapers noting that Winterkorn stands to lose his entire financial existence.
Source: http://www.faz.net/aktuell/wir... (you may need a translator)

Re:Shareholders fined.

[The Evil Atheist]

http://www.abc.net.au/news/201... At least one executive will go to jail.