Volkswagen takes one-two punch in Australia with fine, regulatory proceedings

(Reuters) – Volkswagen AG (VOWG_p.DE) took two raps in Australia on Friday as a federal court upheld a fine on the German car maker as part of a global diesel emissions cheating scandal and a regulator started penalty proceedings against one of its financial units.

Read more at https://www.reuters.com/article/us-australia-regulator-volkswagen/volkswagen-takes-one-two-punch-in-australia-with-fine-regulatory-proceedings-idUSKBN1YO09Q