Talk about an expensive car fine. After paying nearly $2.47 billion in provisions to settle its Dieselgate scandal, Audi is ready to put the whole mess behind them. At that rate, our Audi technicians are glad they repair Audis and don’t make them. Yikes!
Sure, Audis are great cars. But when Volkswagen’s main profit engine developed the bigger 3.0 liter V6 diesel engines used in about 80,000 VW, Audi and Porsche models that in 2015 were found to be programmed to cheat emissions tests, they were asking for trouble, and they found it – to the tune of billions of dollars.
And there’s still a little more pain to go. As Reuters reports:
“Audi has to date paid out more than half the provisions and expects to transfer an outstanding 900 million euros by the first quarter of 2019, CFO Alexander Seitz said on Thursday at an earnings press conference.”
Audi’s Plans for the Electric Market
How does Audi plan to make up for the environmental damage its vehicles caused as a result of the cheat? By 2025, the car manufacturer hopes that 30 to 35 percent of its cars will be electric. It has plans to market 20 different electric cars.
Our Audi mechanics have had the occasional speeding ticket, we admit. That’s par for the course if you’re going to test Audi brakes to see what they’ve got. But they’ve never been a billion dollars, thank God. You could buy nearly all the auto garages in Cincinnati for that kind of money.
