The company allegedly altered emissions software on their diesel vehicles to produce favorable test results.
Advertisement
There are fears many cars could be recalled in the United Kingdom also.
Texas, along with other state’s Attorneys General, will investigate possible violations of consumer protection laws, while various state environmental regulatory agencies will investigate possible violations of environmental protection laws.
The so-called “defeat devices” meant that true emission levels, as much as 40 times the level legally allowed in the U.S., were hidden.
Since then, Volkswagen chief executive office (CEO) Martin Winterkorn resigned and shares have plummeted 31%.
He will meet members of the firm’s board later after the scandal wiped out a third of the company’s value, £19bn, in just a few days.
Volkswagen has put aside $7.3 billion in its second from last quarter records to help take care of the expenses of the greatest embarrassment in its 78-year-history and “win back the trust” of clients. The Justice Department is included, and New York’s lawyer general has declared a multi-state examination.
“I apologise in every way to our customers, to authorities and the whole public for the wrongdoing”.
Advertisement
“A great many individuals over the world trust our brands, our autos and our innovations”, Winterkorn said in a feature message. The EPA estimates that 482,000 of the vehicles are in the US.
