The scandal surrounding manipulated emission levels at VW vehicles has significantly greater dimensions than initially assumed. The appropriate software is installed in eleven million vehicles worldwide, the company said. VW had to issue a profit warning.
The software for manipulating the exhaust emissions is built according to the Volkswagen Group in other diesel vehicles. Worldwide were eleven million vehicles affected, Volkswagen said. But the offending software influencing neither driveability, consumption nor emissions.
The vehicles are equipped with engines of type EA 189th Exclusively for this engine type was “a striking discrepancy between test values and real-life driving operation” has been found. The company stand by it in contact with the competent authorities and the German Federal Motor Transport Authority
Until now, there was a figure of 500,000 affected vehicles in the area -. This reproach had the US Environmental Protection Agency raised against Volkswagen. For Volkswagen, this could, according to the authority will incur a penalty of up to 18 billion dollar after himself
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provision in billions
The affair is forcing Europe’s biggest carmaker also to a profit warning. Therefore, in the third quarter would be around 6.5 billion euros “deferred profit or loss”, VW announced. That’s more than half of the profit, had achieved the VW last year.
In addition, the recent releases already weighed on the company’s share price tremendously. On Monday, the paper lost around 15 billion euros of market capitalization.
What did the board?
The scandal also raises questions about the future of VW CEO Martin Winterkorn. This had yesterday assured on the authority of the Federal Minister of Transport Alexander Dobrindt in a joint discussion, all current cars are free from manipulation by software. This finding confirmed VW now for all currently offered in the EU VW cars with diesel engines of the type EU6. Whether it also was no tampering with older models in the EU, however, is unclear.
The EU emissions standard applies in the type test for new cars since 2014. Since 1 September this year it is binding for all newly registered vehicles. For trucks it has applied since 2013, and is binding since 2014th
Winter grain contract as CEO should be extended on Friday by the Supervisory Board until 2018 according to current plans. Lower Saxony’s former Economics Minister Jörg Bode (FDP) called for the diesel-scandal a shift in the contract extension. Solange was not “completely” enlightened, who knew of the Group of the manipulation and by whom they were placed, no decision should be made, Bode, who was himself from 2009 to 2013 member of the VW supervisory board said.
Other countries respond
The scandal surrounding manipulated emission levels in the US also called on other supervisory authorities on the scene. First South Korea announced its intention to examine the pollutant emissions of diesel vehicles of the VW and Audi brands. The number of vehicles concerned as a whole but manageable – it’s about 4,000 to 5,000 cars in the VW Jetta and Golf and the Audi A3, which were produced in 2014 and 2015, informed the Ministry of Environment with
A spokesman said it was concerned that the models Vorwiesen the same emission control technologies and control strategies such as the US versions.
Further tests could follow
The results of the tests will announce in November the Ministry expected. If the experts also notice manipulated values, the investigation could be extended to all German diesel car.
The Korean automakers Hyundai and sister company Kia Motors are major competitors of VW in the global markets , The vehicles imported to Korea, German manufacturers were well ahead in the first eight months of the year. Then BMW led with 31 774 registrations ahead of Mercedes with 30 561, VW with 24 778 and Audi with 19 972 vehicles.
France for EU-wide test
An examination at European level calls on the French Government. Finance Minister Michel Sapin said it related to the European market with common rules. These would have to be respected.
However Sapin proposed to examine French manufacturer, “to reassure the people.” But he had no reason to believe that this as Volkswagen would behave.
A spokeswoman for the European Commission said it was both German carmakers as well as with the US authorities in contact. But it was too early to draw conclusions.
Even the Italian Ministry of Transport requires VW education about potential manipulation. A similar invitation has been levied by the Australian Government. The Swiss authorities want to already submit their own test results in a few days
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