You are here: / / / Continental fined 100 million euros for powertrain division issue

Continental fined 100 million euros for powertrain division issue

Author: Stephen Goodchild Comments: 0
Olaf Schick, Executive Board member for Integrity and Law (Photo: Continental)

The public prosecutor’s office in Hannover, Germany today issued Continental AG a fine totalling 100 million euros. Proceedings relate to a “negligent breach of supervisory duties” within the company’s former powertrain division in connection with the supply of engine control units and engine control unit software (including for the VW EA189 1.6l). The fine consists of 5 million euros in penalties and a 95-million-euro levy of economic benefits.

Membership Required

If you are not yet a Tyrepress or Tyres & Accessories subscriber, you can change that here.

Subscribe now

Becoming a member has benefits such as:

  • Read our sector-leading articles in full
  • Full analysis of tyre business segments
  • Read Tyres & Accessories magazine online/in print

Already a member? Log in here

Related news:

  1. Siemens Energy sale good for Conti group spin off – Analysts
  2. ‘New Era’ at Conti Following Siemens VDO Purchase
  3. Dieter Rogge Heads Continental Powertrain Division
  4. Wennemer Quashes Siemens VDO Renegotiation Rumours
Comments
Comments closed
Share this entry
TPMS changes a positive step, says Goodyear Michelin debuts Xtra Defend E4 L4 for loaders & articulated dump truck...

We see you are visiting us from China.

If you would like the latest news from the Chinese tyre industry in Chinese, visit our partner site TyrepressChina.com. Or click below to continue on Tyrepress.