Volkswagen News Keeps Getting Worse
FRANKFURT, Germany (AP) – Volkswagen shares are falling after the company said it had understated carbon dioxide emissions for 800,000 cars, adding to the downbeat news from its scandal over cheating on U.S. diesel emissions tests.
The company’s ordinary shares slid 7.7 percent Wednesday to 102.40 euros in morning trading in Europe.
The carmaker said Tuesday after the European market close that it found "unexplained inconsistencies" in carbon dioxide emissions in some vehicles. The company found the additional problem as it investigated revelations that up to 11 million of its vehicles had software that allowed them to deceive emissions testers.
The announcement follows U.S. allegations that the defective software was also found in cars sold under Volkswagen’s elite Porsche brand. CEO Matthias Mueller has promised the company will "relentlessly and completely clarify the matter."
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WASHINGTON (AP) – States suing Volkswagen are focusing on the car maker’s advertisements dating back to the 2009 model year describing its vehicles as "clean diesel."
As part of their legal strategy, attorneys general say each ad that aired or was published represents a deceptive or misleading business practice. Each carries a fine of $5,000 or more.
Volkswagen’s pitches described its diesel cars as good for the environment. They are at odds with the company acknowledging that it put stealth software in millions of vehicles worldwide to cheat on emissions tests. A Volkswagen spokeswoman declined to comment on the claims.
Forty-seven states and the District of Columbia have joined to investigate Volkswagen. California, Texas and West Virginia are pursuing their own lawsuits. The Justice Department and Federal Trade Commission are also involved.
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WASHINGTON (AP) – Leaders of a House committee are requesting more details and documents from Volkswagen after federal regulators said the car maker cheated a second time on emissions tests.
The Environmental Protection said this week that VW programmed about 10,000 cars with larger diesel engines to emit fewer pollutants during tests than in real-world driving.
The charges follow VW’s admission in September that it rigged emissions tests for four-cylinder diesel engines on 11 million cars worldwide, including almost 500,000 in the United States.
Leaders of the House Energy and Commerce Committee sent a letter Tuesday to Volkswagen’s U.S. CEO, Michael Horn, requesting additional information about so-called defeat devices designed to skirt emissions controls.
The bipartisan letter set a Nov. 16 deadline for Horn to respond.
(Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
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