No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Sunday, September 14, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Business

4 former Volkswagen managers convicted in ‘dieselgate’ emissions-cheating scandal

by TheAdviserMagazine
4 months ago
in Business
Reading Time: 2 mins read
A A
4 former Volkswagen managers convicted in ‘dieselgate’ emissions-cheating scandal
Share on FacebookShare on TwitterShare on LInkedIn



A German court on Monday convicted and handed prison sentences, some suspended, to four former Volkswagen managers over their part in the “dieselgate” emissions-cheating scandal, Bloomberg reported.

The scandal has caused waves in the global car industry since September 2015, when Volkswagen admitted tampering with millions of diesel vehicles to dupe pollution tests.

Former VW executive Heinz-Jakob Neusser received a suspended jail term of one year and three months from the court in the city of Braunschweig, according to news agency Bloomberg.

The former head of drive electronics, named only as Hanno J., was given a sentence of two years and seven months, German media reported.

The heaviest sentence of four years and six months was given to the former head of diesel motor development, Jens H., while the fourth defendant was given a suspended sentence of one year and 10 months.

The defendants can appeal against the rulings.

The separate trial of former Volkswagen CEO Martin Winterkorn remains suspended because of his ill health.

Auto sector analyst Ferdinand Dudenhoeffer, head of the Center Automotive Research, judged that the case had for now ended “with scapegoats and, in some cases, suspended sentences”.

Volkswagen said in a statement that the “proceedings in the court in Braunschweig are against individuals” and that they had “no significant consequences for the cases before the civil courts that Volkswagen is involved in” related to the scandal.

The four found guilty on Monday, who have been on trial since 2021, were initially set to have their cases heard alongside that of Winterkorn.

But the court decided to split off proceedings against Winterkorn, who was unable to appear because of ill health.

The former auto executive finally went on trial in September before the court again suspended proceedings in October, when he was not fit to take the stand.

The highest-ranking former executive to have been convicted in the scandal so far is former Audi CEO Rupert Stadler.

He was was fined and given a suspended sentence in 2023 after admitting to fraud by negligence.

In February, prosecutors in France called for Volkswagen to face charges of aggravated fraud there too.

They said nearly one million French customers had to pay for servicing and repairs after the emissions breach was revealed.

This story was originally featured on Fortune.com



Source link

Tags: ConvicteddieselgateemissionscheatingManagersscandalVolkswagen
ShareTweetShare
Previous Post

The Devastating Choice: Why Half of American Pet Owners Must Deny Critical Care

Next Post

24 Financial Survival Tactics: From Side Hustles to Debt Mastery

Related Posts

edit post
North Korean hackers used ChatGPT to help forge deepfake ID

North Korean hackers used ChatGPT to help forge deepfake ID

by TheAdviserMagazine
September 14, 2025
0

A suspected North Korean state-sponsored hacking group used ChatGPT to create a deepfake of a military ID document to attack...

edit post
FAA seeks over  million in fines from Boeing over safety lapses

FAA seeks over $3 million in fines from Boeing over safety lapses

by TheAdviserMagazine
September 14, 2025
0

The Federal Aviation Administration is seeking $3.1 million in fines from Boeing over safety violations, including ones related to an...

edit post
A major US auto lender went bust in latest red flag for economy — record auto debt levels. How to protect yourself now

A major US auto lender went bust in latest red flag for economy — record auto debt levels. How to protect yourself now

by TheAdviserMagazine
September 14, 2025
0

Americans are struggling to pay their bills, and the collapse of a major auto lender shows just how bad things...

edit post
Phoenix to finance four Enav urban renewal projects

Phoenix to finance four Enav urban renewal projects

by TheAdviserMagazine
September 14, 2025
0

Real estate company Enav has signed a financing agreement with insurance company Phoenix Financial (TASE: PHOE). Under the terms...

edit post
Utah governor blasts ‘conflict entrepreneurs’ after Charlie Kirk assassination

Utah governor blasts ‘conflict entrepreneurs’ after Charlie Kirk assassination

by TheAdviserMagazine
September 14, 2025
0

It’s too early to pinpoint an exact motive behind the assassination of conservative activist Charlie Kirk, according to Utah Governor Spencer Cox, but...

edit post
Inside the IRS’s Expanding Surveillance of Crypto Investors

Inside the IRS’s Expanding Surveillance of Crypto Investors

by TheAdviserMagazine
September 14, 2025
0

The Internal Revenue Service has steadily widened its crypto surveillance capabilities since 2017, moving from narrow probes of individual traders...

Next Post
edit post
24 Financial Survival Tactics: From Side Hustles to Debt Mastery

24 Financial Survival Tactics: From Side Hustles to Debt Mastery

edit post
Memorial Day 2025: What stores are open and closed?

Memorial Day 2025: What stores are open and closed?

  • Trending
  • Comments
  • Latest
edit post
California May Reimplement Mask Mandates

California May Reimplement Mask Mandates

September 5, 2025
edit post
Who Needs a Trust Instead of a Will in North Carolina?

Who Needs a Trust Instead of a Will in North Carolina?

September 1, 2025
edit post
Does a Will Need to Be Notarized in North Carolina?

Does a Will Need to Be Notarized in North Carolina?

September 8, 2025
edit post
Big Dave’s Cheesesteaks CEO grew up in ‘survival mode’ selling newspapers and bean pies—now his chain sells a  cheesesteak every 58 seconds

Big Dave’s Cheesesteaks CEO grew up in ‘survival mode’ selling newspapers and bean pies—now his chain sells a $12 cheesesteak every 58 seconds

August 30, 2025
edit post
‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

September 9, 2025
edit post
DACA recipients no longer eligible for Marketplace health insurance and subsidies

DACA recipients no longer eligible for Marketplace health insurance and subsidies

September 11, 2025
edit post
FAA seeks over  million in fines from Boeing over safety lapses

FAA seeks over $3 million in fines from Boeing over safety lapses

0
edit post
Disney’s Coronado Springs Resort: Deluxe Vibes at a Discount

Disney’s Coronado Springs Resort: Deluxe Vibes at a Discount

0
edit post
A Step by Step Guide to Launching a Minimum Viable Product

A Step by Step Guide to Launching a Minimum Viable Product

0
edit post
North Korean hackers used ChatGPT to help forge deepfake ID

North Korean hackers used ChatGPT to help forge deepfake ID

0
edit post
Phoenix to finance four Enav urban renewal projects

Phoenix to finance four Enav urban renewal projects

0
edit post
Study Finds Stark Regional Gaps in College Access for Low-Income Students

Study Finds Stark Regional Gaps in College Access for Low-Income Students

0
edit post
North Korean hackers used ChatGPT to help forge deepfake ID

North Korean hackers used ChatGPT to help forge deepfake ID

September 14, 2025
edit post
FAA seeks over  million in fines from Boeing over safety lapses

FAA seeks over $3 million in fines from Boeing over safety lapses

September 14, 2025
edit post
A major US auto lender went bust in latest red flag for economy — record auto debt levels. How to protect yourself now

A major US auto lender went bust in latest red flag for economy — record auto debt levels. How to protect yourself now

September 14, 2025
edit post
Phoenix to finance four Enav urban renewal projects

Phoenix to finance four Enav urban renewal projects

September 14, 2025
edit post
Utah governor blasts ‘conflict entrepreneurs’ after Charlie Kirk assassination

Utah governor blasts ‘conflict entrepreneurs’ after Charlie Kirk assassination

September 14, 2025
edit post
Solana (SOL) Bulls Complete Bullish Breakout — Eye 0 Mid-Term Target

Solana (SOL) Bulls Complete Bullish Breakout — Eye $360 Mid-Term Target

September 14, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • North Korean hackers used ChatGPT to help forge deepfake ID
  • FAA seeks over $3 million in fines from Boeing over safety lapses
  • A major US auto lender went bust in latest red flag for economy — record auto debt levels. How to protect yourself now
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.