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Volkswagen Board Taps Jones Day To Run Internal Probe

Almost 1 million diesel cars of the Volkswagen brands – VW, Audi, Skoda and Seat – have been sold in France over the past few years that have the pollution-cheating software, according to VW’s French unit.

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These are understood to be imported second-hand cars.

“These models were selected as Green auto of the Year above others for compelling reasons, including high fuel efficiency, reduced carbon emissions, a fun-to-drive nature, and the ability to meet 50 state emissions requirements with advanced diesel technology”.

Volkswagen sold 3,060 diesel cars in the USA last month until the 18th.

Embattled German carmaker Volkswagen has set up an external probe into its exhaust emissions scandal with directors agreeing to appoint Dieter Poetsch as the group’s new board chairman, the company said on Thursday.

The “refit” Volkswagen promised to announce in the coming days, after being given an October 7 deadline by the German government, may involve not only tweaks to the software but additional…

The company said it will need at least several months to complete an investigation into the rigging of emissions tests on diesel vehicles, pushing back an extraordinary general meeting scheduled for next month.

Moody’s, S&P and Fitch have all put negative outlooks on their credit ratings for Volkswagen, meaning they see a risk they might have to be cut.

Klaus Froehlich, development chief at German rival BMW, told the conference the software used by Volkswagen was a “no-go” for his company. Finance Minister Wolfgang Schaeuble blamed the scam on the same greed that had led to the financial crisis.

Germany’s Federal Transport Authority KBA has threatened to withdraw domestic road approval for VW models if the carmaker does not come up with a recall plan by next week.

The company said Tuesday that it will inform owners of all 11 million diesel cars with the faulty software that VW will correct the problem “in the near future”.

VW also faces investigations from European and Asian countries as well as Canada.

The EPA issued a notice of violation of the Clean Air Act to Volkswagen AG, Audi AG, and Volkswagen Group of America on September 18.

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Its director Monique Goyens wrote: “VW’s actions have deeply shaken the trust of consumers in their cars, if not in an entire industry. We have here fraud organised at a European level”, claimed the organisation’s chief, Juergen Resch.

Salesmen wait for customers at a Volkswagen dealership in Woodbridge Virginia on Tuesday