In addition to buyback fees, owners of the 475,000 cars implicated in the scandal including beetles, passats, and audi a3s released since 2009 will also get between $5,100 and $10,000 as. Vw will recall 8. 5 million cars in europe, including 2. 4 million in germany and 1. 2 million in the uk, and 500,000 in the us as a result of the emissions scandal. The scandal has now cost the group over 27 billion euros. Rupert stadler, ceo of vw's audi subsidiary, is arrested in germany, accused of fraud and trying to suppress evidence. Shareholders' case against vw claiming nine billion euros of damages opens in brunswick.
In 2015, it was revealed that vw had installed software in diesel vehicles to cheat on emissions tests. This scandal highlights the importance of ethical practices in business and the severe consequences of unethical behavior. Revelations of the deception led to the resignation of the companys chief executive and have hit the companys share price and profits. Here is a timeline of how the scandal unfolded.
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