Financial Supervision Imposes 1.2 Million Euro Penalty on Volkswagen

Sapo

Lean Right

Factuality

Ownership

The German car group Volkswagen has to pay a fine of EUR 1.2 million for not having informed the market about the forecasts of results for the year 2023, which exceeded expectations.

Globo

Lean Right

Factuality

Ownership

The German financial supervisory authority fined Volkswagen 1.2 million euros (US$ 1.3 million), claiming that the assembler did not disclose information potentially capable of influencing the market in an appropriate and timely manner. Exclusive material for subscribers. To have full access, access the link of the material and register.

n-tv

Lean Right

Factuality

Ownership

Volkswagen surprises investors in 2023 with an unexpectedly good forecast for the financial year. However, the Wolfsburger only publishes them as a press release. This is criticised by the German Financial Supervisory Authority.

Spiegel

Lean Left

Factuality

Ownership

Volkswagen's figures were better than expected in 2023. The Group should have informed them more quickly, the Bafin now judged.

Tagesschau

cedarnews.net

Center

View article

Reposted by

cedarnews.net

Center

Factuality

Ownership

The financial supervisor BaFin has imposed a million-dollar fine on Volkswagen for a suspected violation of publication obligations. It is about the rules on inside information.

Kurier

Lean Right

Factuality

Ownership

The forecast was only published in press release. VW can still object to the decision.