Audi Flashcards
Who was the first member of the Volkswagen executive board to be arrested?
The arrest of the executive, Rupert Stadler, came a week after Munich prosecutors searched his home and said they had added him to a list of about 20 suspects in a broad fraud investigation stemming from the scandal.
What did Volkswagen admit in 2015?
Volkswagen admitted in 2015 to rigging nearly 11 million diesel-powered vehicles, including Audi models, with software that allowed them to cheat on emissions tests. The following year, the luxury Audi unit was part of a broader settlement, in which Volkswagen pleaded guilty to defrauding the U.S. government.
How much has Volkswagen incurred in penalties?
Volkswagen has incurred about $25 billion in penalties, fines and compensation for customers stemming from the admission.
What has Mr Winterkorn said?
Mr. Winterkorn, who has denied knowledge of the cheating, and the others remain in Germany, which has a law prohibiting the government from extraditing its citizens.
How many people have been arrested so far in Germany in connection with the scandal?
Meanwhile, various German investigations into the cheating have been progressing more slowly. Mr. Stadler, a longtime executive at Volkswagen and Audi, is the third person to be arrested by German authorities so far in connection with the scandal. He has served as Audi’s CEO since 2010.
What have many said about Stadler?
Mr. Stadler has close ties to the Porsche family, which holds a majority of Volkswagen’s voting stock. He has come under pressure to step down from investors and analysts who say that he hasn’t been aggressive enough in resolving Audi’s involvement in the scandal.
