The move comes as Volkswagen has struggled with a sales slump in South Korea, Asia’s second-biggest diesel vehicle market, after the firm admitted in the United States to using software to cheat on emissions tests on some diesel cars. The German manufacturer can do so after Volkswagen presents its case to the higher-ups in the ministry on July 25. According to several reports, Volkswagen vehicles were emitting 40 times more nitrogen oxide than auto regulatory standards.
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The country’s environment ministry earlier said it might revoke its certification of the 79 vehicle models, based on the outcome of a prosecution investigation that suggested the German automaker may have obtained sales approval for the vehicles with faked documents on their noise level, fuel efficiency and emissions.
Attorneys general from three eastern states on Tuesday announced new lawsuits against Volkswagen over the automaker’s diesel emissions scandal.
The first-half figure excludes 2.2 billion euros in new provisions related to legal costs in North America, which takes the operating result down to 5.3 billion euros.
Trouble for Volkswagen has been increasing as this week.
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Schneiderman, Massachusetts Attorney General Maura Healey and Maryland Attorney General Brian Frosh have filed lawsuits against Volkswagen AG and its affiliates, Audi AG and Porsche AG, as well as their US subsidiaries. According to the details of the emission scandal, the defeat device entered the U.S. in 2008 and “top brass” protected this from authorities. The scandal has already cost it billions, seen a number of executives leave and damaged the company’s brand name. In South Korea, the company’s taking it one step further, suspending sales of most of its models. It expects operating profit margin of 5-6% for the year. The stock now trades at $28.64 at over the counter markets, down 0.12% as of 1:31 PM EDT.
