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Volkswagen Hit with $1.3 Million Fine by German Financial Watchdog Over Earnings Forecast Disclosure Lapses
1 day ago /
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Author：小编
Volkswagen has been slapped with a hefty €1.2 million (roughly equivalent to $1.3 million) penalty by Germany's financial regulatory authority, BaFin, for its failure to promptly and adequately disclose material information that had the potential to sway market dynamics. BaFin revealed on Friday that Volkswagen's earnings projection for the fiscal year 2023 far surpassed market anticipations, and the automotive giant ought to have promptly issued an interim ad-hoc notification to the financial markets, detailing this significant business development.
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