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Audi CEO Rupert Stadler Arrested by German Authorities for Emissions Test Fraud

Audi CEO Rupert Stadler Arrested by German Authorities for Emissions Test Fraud

Audi CEO Rupert Stadler has been arrested by German authorities for car emissions test fraud.  In September 2015, the German carmaker admitted using an illegal software to cheat diesel emissions tests in the incident referred as the “Dieselgate” scandal.

” Audi CEO Rupert Stadler Arrested by German Authorities for Car Emissions Test Fraud “

On 18th June 2018, Audi CEO Rupert Stadler was taken into custody at the request of the Munich II Public Prosecutor’s Office (Germany).  He has also been released from his duties as Board of Management of Volkswagen and Chairman of the Board of Management of AUDI.

In 2017, Audi delivered 1.87 million cars, setting a new record for the group.  The 4 brands Audi, Lamborghini, Ducati und Italdesign form the Audi Group, which has been part of Volkswagen Group since 1965.

The Volkswagen Group has 12 brands including Volkswagen, Audi, SEAT, ŠKODA, Bentley, Bugatti, Lamborghini, Porsche, Ducati, Scania and MAN.  It also offers a wide range of financial services, including dealer and customer financing, leasing, banking and insurance activities, and fleet management.

Source: Audi, Bloomberg, Reuters

 

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