Italy has slapped German automaker Volkswagen with a massive fine for allegedly misinforming car buyers about diesel emissions results.
The Italian anti-trust agency has fined VW the highest fine that it can impose, €5 Million (Rs.37.28 Crores). However, VW plans to challenge the fine at an administrative court.
The anti-trust agency has fined the German carmaker for misinforming its customers about its usage of software that tricked emissions test results.
Volkswagen had in September, admitted to fudging emissions tests of its diesel vehicles by using software that forced the engines to switch to a mode that ensured they emitted less of the toxic fumes by cutting down on the power levels as well.
Italy has become only the second country to impose such a large fine after the United States. Volkswagen had agreed to a $15.3 billion (Rs. 1.02 Trillion) settlement with US authorities over the emissions scandal in June.
VW is still facing criminal investigations in the United States, Germany and South Korea (where it is banned from selling most of its cars.