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Volkswagen has been fined another �800 million (6 million) over its diesel emissions scandal, this time because of failings at its Audi subsidiary.Volkswagen said Tuesday it accepted the fine imposed by German prosecutors, waving its right to appeal. It said the penalty would hit earnings this year."As a negative special item, [it will] reduce the group earnings for fiscal year 2018 accordingly," it said in a statement.The penalty by Munich prosecutors is just the latest consequence of the scandal that emerged in 2015 and initially wiped out billions off the company's value.Volkswagen admitted cheating on clean air rules with software that made emissions look less toxic than they actually were.The fine concludes the Munich prosecutors' investigation into the company. However, probes into executives, including Audi's former CEO Rupert Stadler, continue, the prosecutors said.The �800 million fine comprises a �5 million penalty for administrative offenses, the maximum allowed under German law.On top of that, prosecutors ordered Volkswagen to repay �795 million they said the company made from the cheating. The prosecutors said this included profits from the sales of affected vehicles.In this case, the diesel emissions cheating affected nearly 5 million cars sold by the Volkswagen group in Europe and the United States, prosecutors said. Specifically, it concerned V6 and V8 diesel engines manufactured by Audi and installed in Audi, Volkswagen and Porsche brands, and Audi vehicles equipped with EA 189 and EA 288 engine made by Volkswagen.Shares in Volkswagen (VLKAF) and Audi (AUDVF) were trading higher on Tuesday. Volkswagen stock is down 11 percent so far this year. 1699
WASHINGTON (AP) — New US jobless claims reach 870,000 last week as layoffs remain elevated 6 months after the coronavirus pandemic struck the economy. This is roughly the same number as the week before who filed new claims. These numbers do not include those who file with a special government program meant to help those in the "gig economy" and otherwise are not eligible for traditional unemployment. The number of people seeking unemployment benefits each week is still high, and the economy has recovered only about half the 22 million jobs that were lost to the pandemic. Many employers are struggling. At the same time, some newly laid-off people are facing delays in receiving unemployment benefits as some state agencies intensify efforts to combat fraudulent applications and clear their pipelines of backlogged claims. 837
VISTA, Calif. (KGTV) - Detectives called off a suspect search in Vista after it was discovered that a juvenile accidentally shot himself in the leg Monday afternoon. The San Diego County Sheriff's Department was called to the 100 block of Paseo Marguerita in Vista around 3:45 p.m. after receiving reports of a male juvenile with a gunshot wound. While responding, deputies received information about possible suspects. Authorities found the juvenile near a small pond with a gunshot wound to the leg. Meanwhile, a neighboring school was given an order to lock down. After an extensive search for the suspects, deputies broke down a perimeter set up around the area. The boy was taken to the hospital in unknown condition. After investigating, detectives learned that the gunshot wound was self-inflicted and "appeared to be accidental." The department said it's no longer looking for any suspects. 907
VIDEO: I asked President Trump to cite specific evidence as to why mail-in ballots are fraudulent. I told him I covered politics for 5 years in Colorado (an all mail-in ballot state) and never heard @SenCoryGardner complain once. #copolitics @DenverChannel @KOAA pic.twitter.com/AebXDaDf4f— Joe St. George (@JoeStGeorge) June 22, 2020 348
VISTA, Calif. (KGTV) — Vista Unified School District union workers say they are worried their jobs are on the line and say the district could be looking at bankruptcy.Union workers rallied Thursday ahead of a district board meeting over a million budget shortfall. Union President Bill Faust represents 1,400 support staffers at Vista Unified, including custodians, secretaries and food service workers who are concerned for their jobs since those are historically among the first to be cut. Faust says the board approved almost million to add unnecessary 8th periods to two high schools and another 1,000 to fire the district's superintendent two weeks ago. He says the board is spending money it doesn't have."We are concerned. With this board mismanaging funding," Faust said. "How are we are going to keep our job when they add add add and we don't have any money and you are looking at .5 million."10News reached out to the superintendent's office for comment but have not heard back.No decisions have been made as to where the cuts will come from. 1074
