Issue e-coupons and target customers at a lower cost. Reach prospective customers by posting on WeChat. Volkswagen Group received a similar 1 billion euro fine in June when prosecutors in Braunschweig also used a so-called administrative order to punish VW for oversight problems which allowed millions of polluting cars to hit the road. WeChat Pay Hong Kong Drives Mobile Payment Connect to every user and create even greater business value.
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By doing so, it said it admits its responsibility for the deviations from regulatory requirements.Įarlier this month, Volkswagen terminated the contract of Audi Chief Executive Rupert Stadler, who is under investigation for suspected involvement in emissions cheating. Parent Volkswagen warned its earnings would also be affected.Īudi accepts the fine and will not lodge an appeal against it, the company said. "Considering these special items the Audi Group will significantly undercut major financial key performance indicators forecasted for the fiscal year 2018," Audi said in a regulatory statement. (DANIEL ROLAND / AFP)įRANKFURT - German premium car brand Audi, a division of Volkswagen, said it was fined 800 million euros (US$927 million) on Tuesday for violations tied to heavily polluting six- and eight-cylinder diesel engines. An Audi Aicon Concept car is presented at the Frankfurt Motor Show IAA in Frankfurt am Main, western Germany, on Sept 12, 2017.
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