Volkswagen has estimated the losses from oil at 35 billion euros

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Volkswagen has estimated the losses from oil at 35 billion euros

Volkswagen lost communication with “desligada” to 31.1 billion euros, 2.9 billion euros, he will pay for 2020 and 1.2 billion – in the next year. Thus, the total loss will reach 35 billion euros at current market capitalization of the company in the amount of 48.5 billion euros, reports Reuters.

Diesel scandal, or deselect, as it was dubbed in the Western media, sparked in 2015. Then it turned out that Volkswagen has used a special device and software to bypass the tests for harmful emissions. The concern had to withdraw to repair and even to buy out the owners of the 11 million vehicles Volkswagen, Porsche, Audi and Seat diesel engines EA189.

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In early 2020, the Office for the protection of competition and consumers in Poland (UOKiK) wrote Volkswagen a fine of 120 million zlotys (about 31.6 million). A record for the Polish Department sanction was imposed “for the introduction of misleading consumers regarding the level of exhaust emissions”. Also in January of this year, the group received a fine from the canadian authorities in the amount of 149,7 million dollars.

Because of fraud was arrested the head of engine development Porsche Joerg Kerner, former Porsche Board member Wolfgang Hatz, former head of Audi, Rupert Stadler, the top Manager of Volkswagen’s Oliver Schmidt and Martin Winterkorn, who served as the head of Volkswagen.

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