Volkswagen sales and market share drop following emissions scandal

US law firm Jones Day has been running an independent inquiry at VW into the emissions test cheating since September, and VW on Thursday pledged to speed up a program to encourage staff to cooperate in the investigations. The company can ill afford a drop in sales and weaker profitability while grappling with a growing crisis that it estimates will exceed €8.7-billion ($12.3-billion) in fines and fix costs.

FCA’s overall sales rose 7.7%. Ellman said compromise plans agreed by European Union countries to allow vehicles to carry on emitting more than twice agreed pollution limits had been “criticized for giving too much leeway to motor manufacturers”.

Nevertheless sales for the Volkswagen Group, Europe’s biggest carmaker, dropped 0.8 percent last month, while its European market share slipped to 25.2 percent, down from 26.1 percent in the same month past year. So diesel issues did not affect harshly when we compared to Europe. And for the group, sales for western Europe were down 1.2 percent. The company has been providing thousands of dollars in incentives to potential buyers to help keep U.S. sales alive. Against all its odds, Volkswagen gained a two-percentage growth in china.

Volkswagen will also now have to share detailed information about the production and sales of vehicles in Brazil, which are concerned by the violation, similarly to actions taken by the U.S. government.

Volkswagen provided more details about the cars for which it made false claims about fuel economy and emissions of carbon dioxide, a cause of global warming.

It’s thought that some drivers may ignore any future recall, fearful that software and hardware alterations will degrade their car’s performance and fuel efficiency, Auto News recently reported.

In a press release, Volkswagen specified the make and model breakdown of the 430,000 model-year 2016 vehicles included in this particular emissions problem.

Some of the affected vehicles include Audi A1 Sportsback, Seat Leon Sport Tourer, Skoda Fabia, and Volkswagen Polo.

Volkswagen said it was still trying to determine which older cars are affected.

“The main factor in this deceleration in fortunes appears to be the fallout from VW’s emissions scandal”, Kristina Church and Charles Coldicott, analysts at Barclays (LSE: BARC.L – news), said last week.