Australia's competition regulator said the federal court has penalized Volk...
The revised logo of German carmaker Volkswagen AG is pictured during a preview of the world's biggest automaker at the international Frankfurt Motor Show IAA in Frankfurt, Germany September 9, 2019. REUTERS/Wolfgang Rattay
The penalty amount is the highest ever ordered by the court for contraventions of the Australian Consumer Law, the Australian Competition and Consumer Commission said in a statement on Friday. The breach of law occurred when the auto giant sought approval to supply and import more than 57,000 vehicles into Australia between 2011 and 2015.“This penalty reflects a trend of ever higher penalties for breaches of Australian consumer law,” Sims said.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Volkswagen brand to post record profit on SUVs, cost cuts: executiveVolkswagen's namesake core brand is on track to post a record operating pro...
Read more »
Robinhood fined by FINRA for violating best-execution trading laws - Business InsiderRobinhood just got fined $1.25 million by its regulator for how it executed trades — and it highlights the issues that can arise with payment for order flow
Read more »
Australia has its hottest day on recordAustralia this week experienced its hottest day on record and the heatwave is expected to worsen, exacerbating an already unprecedented bushfire season, authorities said Wednesday. The average nationwide temperatures of 40.9 degrees Celsius (105.6 degrees Fahrenheit) on Tuesday beat the previous record
Read more »
It's sizzling: Australia experiences hottest day on recordHigh temperatures and strong winds are also fanning bushfires around the country, including more than 100 in New South Wales state.
Read more »
Australia sees its hottest day on recordAverage temperatures of 40.9 degrees Celsius on Tuesday beat the previous record of 40.3 degrees Celsius in January 2013, the Bureau of Meteorology said.
Read more »
Singapore's Puma Energy to sell Australia fuels business for $288 millionSingapore's Puma Energy, the retail and midstream arm of global commodities...
Read more »