Korea fines Tesla $2.9 million for alleged false advertising

SEOUL – South Korea’s antitrust watchdog will fine Tesla 2.8 billion won for alleged violations of advertising law.

Tesla falsely promoted and exaggerated the driving range and charging speed of its electric cars, as well as the estimated savings on fuel costs, South Korea’s Fair Trade Commission said in a statement on Tuesday. The Elon Musk-led company changed the advertisement on its Korean-language website in February when the watchdog started an investigation.

The regulator will levy an additional penalty of 1 million won on Tesla for violations of the Electronic Commerce Act, saying the carmaker didn’t provide enough information to consumers on its cancellation policy.By the end of September, Tesla had sold 45,812 electric vehicles in South Korea since opening a local office in 2015, according to the transport ministry.

Car Car Latest News, Car Car Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

South Korea fines Tesla $2.2 million for exaggerating driving range of EVsSEOUL : South Korea's antitrust regulator said it would impose a 2.85 billion won ($2.2 million) fine on Tesla Inc for failing to tell its customers about the shorter driving range of its electric vehicles (EVs) in low temperatures.The Korea Fair Trade Commission (KFTC) said that Tesla had exaggerated the
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

South Korea fines Tesla US$2.2 million for exaggerating driving range of EVsSEOUL: South Korea's antitrust regulator said it would impose a 2.85 billion won (US$2.2 million) fine on Tesla for failing to tell its customers about the shorter driving range of its electric vehicles (EVs) in low temperatures. The Korea Fair Trade Commission (KFTC) said that Tesla had exaggerated the 'd
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »