Former Audi Boss Sentenced In Volkswagen Diesel Scandal: Report
Portfolio Pulse from Shivani Kumaresan
Former Audi Chairman Rupert Stadler has been given a suspended sentence of one year and nine months by a German court for fraud by negligence in the 2015 Volkswagen diesel scandal. Stadler was fined €1.1 million ($1.20 million) towards the state treasury and non-governmental organizations. Volkswagen and Audi had admitted guilty of having used illegal software to bypass emissions tests.
June 27, 2023 | 9:53 am
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Former Audi Chairman Rupert Stadler's sentencing in the Volkswagen diesel scandal may bring negative attention to Volkswagen, potentially impacting its stock price.
The sentencing of Rupert Stadler, a former board member, brings the Volkswagen diesel scandal back into the spotlight, which may negatively affect the company's reputation and investor sentiment. This could lead to a short-term decline in Volkswagen's stock price.
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