It has suspended the delivery of cars which contain the EA 189 engine which uses the software, with the suspension remaining in place until the vehicles have been shown to comply with current European Union legislation.
The vehicles contain the EA 189 engines which are fitted with software that was used to con emissions testers in the US. Nearly 200,000 Audi brand cars with the same motor will also be recalled with the rest being Seat and Skoda cars and a small number of Volkswagen commercial...
This is just the latest development in the string of after events caused by the controversy, which Volkswagen is trying extra hard to take control of before too much damage occurs, even though a lot has already happened.
Immediately after the company admitted that it has installed software created to cheat emission tests in a number of its diesel vehicles, it’s stock prices plummeted, losing a third of its value in an extremely short time.
One source told Reuters that the prospect of VW selling shares to raise money would become a likely scenario if the emissions scandal costs surpassed a “critical level”.
According to reports, German automaker Volkswagen’s (VW) supervisory board is scheduled to hold a meeting on Friday, September 25; and will name Matthias Mueller as its new Chief Executive.
Diesel’s obituary has been written before: Rudolf’s, when he vanished 102 years ago; but also that of his engine in the U.S., when a disastrous experiment by Oldsmobile in the 1970s inoculated the public against the fuel. Regardless, it seems extremely probable that...
While Industry Ministry Jose Manuel Soria says Spain will ask Volkswagen to give back the subsidies, the government may also face a civil charges because it ordered Seat’s technical unit to conduct the emissions tests, Manos Limpias said in the document.
VW admitted that 11 million of its diesel vehicles worldwide were fitted with defeat device software which conned testers into believing their vehicles met environmental standards.