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Volkswagen puts even more billions of fines in dieselsag

Although it is almost four years ago, the German automotive group Volkswagen was unveiled in the cheating with diesel cars, the case is far from over.

The German automotive group Volkswagen Group has set aside a further one billion euros - equivalent to 7.5 billion dollars - to any fines.

It informs the company in its financial statements for the first quarter, published on Thursday morning.

In 2015, it emerged that the company had fiflet with the software in the millions of diesel cars the world over, so that they appeared more eco-friendly than they were.

The secret mechanism did to the cars on the roads could emit up to 40 times as large a quantity of nitrogen oxides, as the measuring equipment would show up during a test.

Since the 2015 has the VW paid over 27 billion - about 202 billion. It has been for fines, damages and settlement.

Ahead lurking several cases - among other things, lawsuits from investors, who believe that they have been duped.

the Case has also got implications for a wide range of top figures in the German group.

In april raised The German public prosecutor's office has raised charges of aggravated fraud against the former ceo Martin Winterkorn and other four from the management.

Winterkorn and other risks from six months to ten years in prison for aggravated fraud.

The most recent provision in the first quarter means that Volkswagen's profits have fallen by 2.2 billion to 22.4 billion.

The German group has 12 brands - including VW, Audi, Skoda and Porsche under the umbrella.

Overall, the company has sold 2.6 million cars in the first quarter.

It is fewer than last year, but the cars have been allocated to the higher prices, which has increased the Volkwagens sales with a little over three percent to 448 billion.

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