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The CEO of Audi, Rupert Stadler was arrested and taken into custody by the police. This was announced by the Munich public prosecutor's office, the same one that a week ago accused Stadler and another member of the fraud board. According to the prosecution it is a necessary measure because of the risk of concealment of evidence
The manager is investigated in the context of Dieselgate, the scandal of false data on emissions of diesel vehicles that involved the German car manufacturer Volkswagen, including some of its brands, such as Audi. This scandal has so far cost more than $ 27 billion in vehicle recalls, court proceedings in over 50 countries around the world and sanctions. The last one was 1 billion. It was decided by the state attorney of Braunschweig and that Volkswagen agreed to pay, recognizing in fact its responsibilities.
On the wave of this news the title of the House of Wolfsburg yields almost 4%. Other European companies, such as Fiat Chrysler, Mercedes and Renault, also report heavy losses, although the price of oil is still falling and may be a positive turning point. Evidently, the market expects that any new sanctions imposed on the German carmaker may also involve other European car manufacturers. Only at the beginning of June a large number of Audi A6 and A7 had been recalled due to software for counterfeiting of exhaust gases installed on passenger cars.
The need to accelerate the development of mass mobility solutions based on alternative technologies, such as electric cars. Although investment in the field by the giants of the car Made in Germany has increased significantly in recent years, they are not yet a dangerous competitor for Tesla.
The emissions scandals are mainly due to the need, by of old car manufacturers, to keep up, as far as possible, with the new electric proposals also from the point of view of performance. In fact, the internal combustion engine is negatively influenced by the new pollutant emission laws in performance.
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Source: IQOption blog 2018-06-18 16:06:55
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