Australian watchdog sues Volkswagen unit for lapses in loan due diligence

Australia's corporate watchdog said on Friday it had begun civil penalty proceedings in Federal Court against a unit of Volkswagen AG for allegedly not making appropriate checks before giving out 49,380 loans to consumers.

Australian watchdog sues Volkswagen unit for lapses in loan due diligence
Australia's corporate watchdog said on Friday it had begun civil penalty proceedings in Federal Court against a unit of Volkswagen AG for allegedly not making appropriate checks before giving out 49,380 loans to consumers.