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The U.S. Environmental Protection Agency (EPA) says that the penalty for Volkswagen could amount to as much as $18 billion.

As the Volkswagen emissions scandal continues to spiral downward, the executive board of the German automaker company is working full-speed to minimize the spread of damage.

The company said yesterday it would refit the 11 million cars worldwide affected with new software.

Citing the need for a “fresh start”, Volkswagen CEO Martin Winterkorn resigned Wednesday after revelations the automaker had fitted its diesel cars with software created to cheat on emissions tests.

In choosing Porsche chief Matthias Mueller as its new CEO, Volkswagen Group’s board used the occasion Friday to announce a complete management shake up in the wake of its emissions testing rigging scandal.

The extent of the fallout from the scandal, which erupted September 18 when the U.S. Environmental Protection Agency said VW had cheated on tests of its diesel cars, remains unclear as do the costs to Volkswagen.

However, even before the Volkswagen scandal, diesel was facing tough environmental challenges in Europe, where it makes up more than half of the engines in all cars sold.

According to the U.S. Environmental Protection Agency, certain Volkswagen diesel-powered vehicles are equipped with software that activates emissions control systems only when the cars are going through pollution tests.

German vehicle maker Volkswagen’s logo adorns the wall at a northern Virginia dealership in the United States on Tuesday.

The scandal broke out on September 18, when the U.S. Environmental Protection Agency said Volkswagen had to refit almost half a million cars equipped with illegal software to bypass diesel emissions tests.

I have also called for a Europe-wide investigation into the use of defeat devices, in parallel to the work we are doing in the United Kingdom’.

WASHINGTON, September 29 (Xinhua) – US lawmakers on Tuesday requested documents from Volkswagen and the U.S. Environmental Protection Agency regarding the company’s illegal software used to circumvent emissions test for certain models of diesel engine passenger vehicles.

On the Comex division of the New York Mercantile Exchange, gold for December delivery traded down 0.13% to $1,112.30 a troy ounce.

Of Volkswagen’s own cars, more than half a million are affected, while 393,450 Audi cars have software installed, as well as 76,773 SEATs and 131,569 Škoda vehicles.

VW admitted cheating in diesel emissions tests and the company’s German head office has estimated that 11 million vehicles with type EA 189 engines were affected globally.