Published: December 19, 2019
VW says it is weighing up whether to appeal record penalty, which was handed down after judge rejected earlier deal
German auto giant Volkswagen AG says it is weighing up whether to appeal an Australian record $125m fine for deceiving customers and breaching diesel emissions standards, stating that it believed an initial $75m penalty agreed with the ACCC was “fair”.
The fine – the biggest on record for a breach of Australian consumer law – was handed down on Friday after the federal court declared by consent Volkswagen AG did not disclose the existence of “two-mode” software when it sought approval to supply and import more than 57,000 vehicles into Australia between 2011 and 2015.
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