Audi ex-boss turns into first top manager sentenced for fraud in 2015 diesel scandal

Audi ex-boss turns into first top manager sentenced for fraud in 2015 diesel scandal


The luxury brand name is predicted to have a tie-up with Sauber, despite the fact that have only declared they are production engines from 2026 so considerably.

Florian Gaertner | Photothek | Getty Images

Previous Audi boss Rupert Stadler was handed a suspended sentence of one particular year and 9 months by a Munich court docket on Tuesday for fraud by carelessness in the 2015 diesel scandal, turning into the to start with former

Volkswagen board member to get such a sentence.

The ex-manager was fined 1.1 million euros ($1.20 million), which will go to the condition treasury and non-governmental organisations, the court docket claimed.

The sentence is in the center of the 1.5-2 year timeframe the decide experienced claimed the former CEO would face if he confessed to the cost.

Stadler’s demo, a person of the most popular court docket proceedings in the aftermath of the diesel scandal, has been ongoing due to the fact 2020.

Audi’s father or mother team Volkswagen and Audi admitted in 2015 to getting employed illegal application to cheat on emissions checks. Stadler had formerly turned down the allegations.



Source

Asia-Pacific markets fall as investors assess U.S.-China trade developments
World

Asia-Pacific markets fall as investors assess U.S.-China trade developments

© Marco Bottigelli | Moment | Getty Images Asia-Pacific markets fell Thursday, after mostly gaining in the previous session on easing U.S.-China trade tensions. Japan’s benchmark Nikkei 225 fell 0.90%, while the Topix lost 0.75%. South Korea’s Kospi declined 0.29% while the small-cap Kosdaq slipped 0.37%. Australia’s benchmark S&P/ASX 200 lost 0.24%. Hong Kong’s Hang […]

Read More
CNBC Daily Open: Nvidia is back in the green amid Trump’s dealmaking
World

CNBC Daily Open: Nvidia is back in the green amid Trump’s dealmaking

NVIDIA CEO Jensen Huang and U.S. President Donald Trump shake hands at an ‘Investing in America’ event in Washington, D.C., U.S., April 30, 2025. Leah Millis | Reuters The “Magnificent Seven” group of stocks — comprising Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia and Tesla — drove much of the S&P 500’s sterling 23.31% gain […]

Read More
UnitedHealth under criminal probe for possible Medicare fraud, report says
World

UnitedHealth under criminal probe for possible Medicare fraud, report says

Bloomberg | Bloomberg | Getty Images The U.S. Department of Justice (DOJ) is investigating UnitedHealth Group for possible Medicare fraud, the Wall Street Journal reported on Wednesday. While the exact nature of the criminal allegations are unclear, the Journal said, citing people familiar with the matter, the probe by the healthcare-fraud unit of the DOJ’s criminal division is […]

Read More