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VW says will foot tax bill for carbon emissions blunder
Volkswagen says as many as 11 million cars may have been fitted with software to cheat diesel emissions tests.
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It was the first time that an allegation was made against Porsche, the sports-car model by Volkswagen which is also one of its big money makers. Volkswagen denied the claim, but over the past two days halted sales in the US and Canada of the models involved: the Volkswagen Touareg, Porsche Cayenne, and the Audi A6, A7, A8, Q5 and Q7.
That recall is for cars with variants of the EA 189 diesel engine built to the “Euro 5” emissions standard.
The downgrade follows revelations that the auto manufacturer had downplayed the level of Carbon dioxide emissions and fuel consumption in a few 800,000 cars sold mainly across Europe.
If you thought that the Volkswagen diesel emissions scandal couldn’t get any worse, you were sadly mistaken. It only labeled the specific model years of three vehicles it had tested as violating emissions rules by allowing the vehicles to emit up to nine times legally allowable levels.
In talks with the authorities – whom Volkswagen did not identify – the company said it hoped to come up with a “reliable assessment of the legal, and the subsequent economic consequences, of this not yet fully explained issue”.
The EPA has also been trying to find out more about separate emissions-control device installed in additional 2016 diesel-powered Volkswagen vehicles.
Finding variations and inconsistencies between the on-road emissions and lab test results, the Ministry of Heavy Industries of India issued a showcase notice to Volkswagen. The shares have tumbled 23 percent since the scandal was revealed, and VW’s total value has fallen $26.3 billion to $57.21 billion at Wednesday’s euro-to-dollar conversion rate.
Matthias Mueller, VW’s chief executive, said: “From the very start I have pushed for the relentless and comprehensive clarification of events”.
It now has been a month since Volkswagen scandal was released, and the problems just do not seem to end, the latest news is that all VW 3 liter diesel engines may be infected with the fraudulent software as previously announced by us.
Volkswagen’s emissions-cheating scandal continues to grow even in the wake of massive diesel vehicle recalls.
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Volkswagen Group has reportedly halted United States sales of vehicles with 3.0-liter TDI diesel engines, affecting models from the Audi, VW and Porsche brands.