The financial nightmare related to Volkswagen’s diesel emission scandal is not over yet. German prosecutors have fined the automaker 1 billion euros is one of the highest fines ever imposed by German authorities against a company.
Volkswagen has accepted the fine and it will not lodge an appeal against it. While the fine does end Volkswagen’s legal issues for now, the issue of civil claims or claims by vehicles owners remain open. That means VW’s price tag could climb even higher. Volkswagen admitted its responsibility for the diesel crisis and German prosecutors are now busy widening its emissions cheating probe to include Audi and its Chief Executive Rupert Stadler. Stadler is accused of fraud and false advertising.
The fine comes just days after the German auto industry continues to deal with the fallout from the scandal.
Volkswagen isn’t the only carmaker involved in manipulation. Earlier in the week, the German government ordered Daimler to recall 240,000 cars with illegal emissions-control devices. The recall helped Daimler avoid billions in fines.