The Canadian government on Monday said that it is charging Volkswagen AG for importing vehicles that company executives knew breached the nation’s emissions standards.
The German automaker faces 58 charges of contravening the Canadian Environmental Protection Act for importing 128,000 vehicles with illegal emissions standards between 2008 and 2015. The company faces two other charges of providing misleading information.
Volkswagen issued a statement saying that it has cooperated fully with Canadian investigators and that a deal is prepared ahead of the company’s first court appearance in Toronto on Friday.
“At the hearing, the parties will submit for the court’s consideration a proposed plea resolution and seek its approval,” the statement said. “The details of the proposed plea resolution will be presented at the hearing.”
Environment Canada officials on Monday published notice of the charges, but said that they would not comment further because the matter is before the courts.
The case against Volkswagen comes more than four years after the company admitted to installing software on 11 million vehicles worldwide to trick emissions-testing equipment into concluding that they ran more cleanly than they actually did.
Volkswagen pleaded guilty to charges in the case in the US in March 2017 and was fined more than US$4.3 billion.
Several Volkswagen executives and managers involved in the deception were charged in the US and Germany, and some have already been imprisoned.
The elaborate scheme has cost the company more than US$30 billion in legal fines and civic lawsuits, as well as compensation to customers who returned affected vehicles for refunds or exchanges.
TARIFF TRADE-OFF: Machinery exports to China dropped after Beijing ended its tariff reductions in June, while potential new tariffs fueled ‘front-loaded’ orders to the US The nation’s machinery exports to the US amounted to US$7.19 billion last year, surpassing the US$6.86 billion to China to become the largest export destination for the local machinery industry, the Taiwan Association of Machinery Industry (TAMI, 台灣機械公會) said in a report on Jan. 10. It came as some manufacturers brought forward or “front-loaded” US-bound shipments as required by customers ahead of potential tariffs imposed by the new US administration, the association said. During his campaign, US president-elect Donald Trump threatened tariffs of as high as 60 percent on Chinese goods and 10 percent to 20 percent on imports from other countries.
Taiwanese manufacturers have a chance to play a key role in the humanoid robot supply chain, Tongtai Machine and Tool Co (東台精機) chairman Yen Jui-hsiung (嚴瑞雄) said yesterday. That is because Taiwanese companies are capable of making key parts needed for humanoid robots to move, such as harmonic drives and planetary gearboxes, Yen said. This ability to produce these key elements could help Taiwanese manufacturers “become part of the US supply chain,” he added. Yen made the remarks a day after Nvidia Corp cofounder and chief executive officer Jensen Huang (黃仁勳) said his company and Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) are jointly
United Microelectronics Corp (UMC, 聯電) expects its addressable market to grow by a low single-digit percentage this year, lower than the overall foundry industry’s 15 percent expansion and the global semiconductor industry’s 10 percent growth, the contract chipmaker said yesterday after reporting the worst profit in four-and-a-half years in the fourth quarter of last year. Growth would be fueled by demand for artificial intelligence (AI) servers, a moderate recovery in consumer electronics and an increase in semiconductor content, UMC said. “UMC’s goal is to outgrow our addressable market while maintaining our structural profitability,” UMC copresident Jason Wang (王石) told an online earnings
MARKET SHIFTS: Exports to the US soared more than 120 percent to almost one quarter, while ASEAN has steadily increased to 18.5 percent on rising tech sales The proportion of Taiwan’s exports directed to China, including Hong Kong, declined by more than 12 percentage points last year compared with its peak in 2020, the Ministry of Finance said on Thursday last week. The decrease reflects the ongoing restructuring of global supply chains, driven by escalating trade tensions between Beijing and Washington. Data compiled by the ministry showed China and Hong Kong accounted for 31.7 percent of Taiwan’s total outbound sales last year, a drop of 12.2 percentage points from a high of 43.9 percent in 2020. In addition to increasing trade conflicts between China and the US, the ministry said