Volkswagen Slammed By South Korea For Vehicle Emission; Fine To Be Worth $31.87 Million
Volkswagen is currently in the hot-seat after its scandal on diesel-emission cheating issues. However, the issue may be even bigger that what the people had anticipated or even heard of in the past few months.
Volkswagen Diesel-Emission Testing Cheating Scandal Not Yet Over After A Year
It can be recalled that the US government was definitely not happy about Volkswagen cheating on their government emission tests and had filed for the company to pay $16 Billion in fines and compensation. However, the amount was not yet all final to compensate the owners and the dealers, since there may be more inclusive of possible criminal charges. Moreover, cheating on emission testing was not only applied in the US but all over the world. Now, South Korea has stepped up and battled with the German automaker which could affect the investors of the company.
South Korea To File Criminal Charges Against Volkswagen For False And Deceptive Advertisements
Yesterday, the South Korean government has announced that they file a formal complaint against the executives of Volkswagen's South Korean Business (both the former and current ones). This is in regards to its diesel-emission cheating scandal. In line with this, the government has fined Volkswagen with $31.9 Million worth of fines for advertising false and pretentious information on its diesel-powered vehicles to be supposedly environment-friendly. They have claimed that Volkswagen has made false and deceptive claims in their advertisements. The fine they have filed against the company has been the highest ever to be fined in South Korea.
This could mean a lot of work for Volkswagen to get back on the track, and gain the trust of its dealers and car owners. Even though South Korea hasn't taken much a big of a percentage in terms of their market, announcement on filing its fines could greatly affect the global marketing strategy of Volkswagen. The government is definitely not holding back on filing criminal charges against the German automaker, and the latter is yet to make a statement on this matter.
