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Have fixes for 90% of emissions scandal cars in Europe: Volkswagen
When the EPA first accused Volkswagen of installing cheat software on its 3.0-liters at the beginning of this month, VW reps vehemently denied the charges.
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In its statement today, Audi said that it failed to disclose three emissions control software functions, known as auxiliary emissions control devices, to the agencies as required by USA law. “It’s about structures that need to change”.
All 3.0 liter V6 diesel engines developed by Audi for models including the A6, A7, A8, Q5 and Q7 starting in 2009 will be able to become compliant with USA emissions regulations using only a software update, according to Audi via Automotive News. “This is good news”, chief executive Matthias Mueller said.
The shares fell 0.9 percent to 107.55 euros at 2:36 p.m.in Frankfurt.
Last week was supposed to bring a few measure of clarity to Volkswagen’s emissions fiasco.
In the course of VW’s internal investigation, led by the law firm Jones Day and including auditors from the consulting firm Deloitte, computers, smartphones, and documents have been seized, Mueller said. “At present, they still don’t seem to have the situation under control”.
The VW supervisory board, says it would cap spending property, plant and equipment at around 12 billion euros next year, down about 8% on its previous plan of around 13 billion euros.
The cuts mean the company must hold off on construction of a new design center in Volkswagen’s hometown of Wolfsburg, Germany.
US regulators continue to tell owners of all the affected cars they are safe to drive, even as they emit nitrogen oxide, a contributor to smog and respiratory problems, in amounts that exceed EPA standards – up to nine times above accepted levels in the six-cylinder engines and up to 40 times in the four-cylinders.
The fixes will range from a simple software update for two-litre diesel engines, to more complex solutions for 1.6-litre models.
To clear the diesel scandal, Volkswagen set aside $7.3 billion and another $2.18 billion to clear the issue regarding the petrol cars.
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The vehicles affected by the inconsistencies in carbon dioxide emissions include the diesel variants of Volkswagen’s Polo, Golf and Passat models, as well as the subcompact A1 and the A3 hatchbacks of the Audi premium brand, Skoda Octavia, Seat Ibiza and Seat Leon.