💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Dutch regulator fines Volkswagen 450,000 euros over diesel ads

Published 11/28/2017, 10:48 AM
Updated 11/28/2017, 10:50 AM
© Reuters. A Volkswagen logo is pictured at the International Auto Show in Mexico City
VOWG_p
-

AMSTERDAM (Reuters) - The Dutch markets watchdog has fined Volkswagen (DE:VOWG_p) 450,000 euros ($534,000) for misleading consumers who bought its diesel cars between 2009 and 2015.

The Authority for Consumer & Markets (ACM) said it had levied the maximum fine it could on the German carmaker for its use of "defeat devices", illegal software that made its cars emit less pollution during testing than they did on the road.

© Reuters. A Volkswagen logo is pictured at the International Auto Show in Mexico City

The ACM said on Tuesday that Volkswagen had misleadingly advertised the diesel cars as "environmentally friendly" from 2009-2015.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.