Volkswagen AG 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.
The court upheld a record A$125 million ($86 million) penalty imposed by the Australian Competition and Consumer Commission (ACCC) to settle lawsuits brought on behalf of thousands of Australian customers caught up in the emissions issue from 2015.
