Adding to VW’s woes, India has sought a response from the company after probes into four auto models showed diesel-fuel emissions exceeding permissible limits, with about 314,000 vehicles potentially affected, said Heavy Industries Ministry official Ambuj Sharma.
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Volkswagen revealed that that it has understated the amount of carbon dioxide emissions of about 800,000 cars, including gasoline-powered vehicles, to the regulators.
Tackling CO2 is becoming a rising priority in many countries, especially in Europe, where cars are often taxed according to their carbon emissions.
“The tests will therefore become more strict and will more closely resemble the normal driving behavior in road traffic”, he told the newspaper. Amid concerns over the escalating costs, the German carmaker’s ordinary shares slid 9.5 percent to close at 100.45 euros.
Volkswagen’s 2-liter diesel engines, is offered is various of mid-high quality cars such as the gold and the Jetta were already pulled away from stocks in the U.S., the company in Germany announced that cars can be resold now, but we are not seeing dealers stocks raisin back.
The disclosure added a new dimension to a crisis that had previously focused on how Europe’s biggest vehicle maker cheated in USA tests on diesel cars for emissions of nitrogen oxide, which cause smog.
November 2: The Environmental Protection Agency and the California Air Resources Board say Volkswagen also installed the cheating software on thousands of Audi, Porsche and VW cars with six-cylinder diesel engines.
On Monday, United States authorities also alleged that VW had fitted nitrogen oxide defeat devices on 3.0 litre diesel engines used in Porsche, Audi and VW vehicles – a claim VW denied. Economic risks related to the new discovery have been estimated at around 2 billion euros ($2.2 billion) tentatively, implying another set of expenses related to the emissions scandal. Up until now, the scandal had only involved diesel engines.
“VW is leaving us all speechless”, said Arndt Ellinghorst, a London-based analyst with Evercore ISI.
September 25: Volkswagen appoints Matthias Mueller, the head of the group’s Porsche unit, as the new CEO.
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The 1.4-litre, 1.6-litre and 2-litre TDI diesel engines account for the vast majority of affected cars. The software also doesn’t turn on “temperature conditioning” if it doesn’t sense the vehicle is being tested.
