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The Volkswagen scandal could cut 0.3 pp of Romania’s GDP growth

– In addition, thousands of 2016 diesel models are stranded at ports around the nation because the EPA has not certified their emissions control systems.

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‘They have effectively admitted liability now, so there should be no need to go through the courts on this.

Speaking before an Oireachtas Transport Committee hearing into the scandal, Mr Himmer said: “I would like to expres my honest apologies that our Group has significantly let down our customers, our staff, our dealers and the wider public”. The software was subsequently added to the newer EA288 engine. “Volkswagen will not settle until the criminal investigations are resolved”, said James E. Tierney, program director of the national state attorneys general program at Columbia Law School, and a former Maine attorney general. They wanted to compare cars in the US, where emissions standards are stricter, to those in Europe, in essence to pressure Europe into changing its rules. So the number of plaintiffs is expected to rise.

The world’s largest automaker stated that up to 11 million of its vehicles were affected by the illegal software.

Mr Himmer said: “The solution should not have an impact on Carbon dioxide and should not impact mpg or the performance of the vehicle and therefore there should be no difference in the car’s residual value”.

Current owners of VW-brand vehicles can get interest-free loans along with rebates of up to $2,000, as well as low-priced leases.

Volkswagen AG, trying to woo US consumers amid its diesel emissions cheating scandal, is offering new-vehicle discounts that by one measure are nearly twice the industry average.

Its USA chief, Michael Horn, told US lawmakers earlier this month that he believed “a couple of software engineers” were responsible, while a letter dated October 8 from VW to the European Parliament blamed “the misconduct of a few people”.

In pushing for redress, states will confront an economic reality: They want to compensate consumers and punish VW – but not help lead the company into insolvency.

While the US$51 million green subsidy payment from California to Volkswagen for its allegedly clean diesels grabbed the initial headlines, Spain is now demanding the company hand back a €1,000-a-car subsidy. Car-buying website TrueCar found a 57 percent drop in searches for VW diesel cars since the scandal broke on Sept 18.

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Therefore, Volkswagen has already suspended the sales of its diesel cars in Switzerland, Belgium and Turkey.

French Authorities Search Volkswagen Offices In Emission Scandal Investigation