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- In exhaust scandal up to eleven million diesel cars from Volkswagen are affected. The shares of the company with.
- The affair forcing Volkswagen to a profit warning and multibillion-dollar reserves.
- The US Department of Justice conducts a criminal investigation against VW.
million more cars affected
The software for manipulating the emission values is built according to the Volkswagen Group in other diesel vehicles. Worldwide were eleven million vehicles with engines of type EA 189 affected, Volkswagen said on Tuesday. The models in question there were “striking differences” between the measured values in tests and in normal driving conditions, the company.
The extent of the recent statement reported is frightening. Throughout 2014, Volkswagen sold a total of 10.2 million cars, the year before it was 9.7 million. The affair is forcing Europe’s biggest carmaker to a profit warning. Therefore, would the third quarter of around 6.5 billion euros “deferred profit or loss”, VW said.
VW supervisory board expects personal consequences
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In the opinion of supervisory board member Olaf Lies it is in view of exhaust “at the end also give personal consequences” -Skandals at VW. First, however, a thorough reconnaissance necessary so that the company can regain the lost confidence, said Lower Saxony’s Minister for Economic Affairs in an interview: “I think with hasty demands for resignations, we have not solved the problem and not recovered the lost trust.” A resignation of CEO Martin Winterkorn, he did not call
VW affair This is how the exhaust Trick
diesel exhaust can be filtered, however, only by means of a urea solution. Volkswagen has since obviously a problem.
The supreme controlling organ of the Wolfsburg-based car company wants to deal in an emergency meeting on Wednesday with the allegations from the US. The Panel, in addition to the chairman Berthold Huber and Lower Saxony Prime Minister Stephan Weil also works council head Bernd Osterloh and Wolfgang Porsche sitting should prepare the Supervisory Board meeting on Friday. Then you want to discuss an early extension of the contract of Winterkorn by two years until the end of 2018. ‘/ P>
Criminal investigations against VW
In the scandal over manipulated exhaust emissions at Volkswagen, the US authorities have reportedly more Media criminal investigation initiated. The report, among other things Bloomberg and Wall Street Journal , citing any of the procedures familiar circles. An official confirmation, there are for not
appearance of VW CEO Michael Horn ” Built We have crap “
In New York, the new Passat was supposed to be presented. However, because of the current exhaust scandal Michael Horn had to apologize for now.
(Video: Reuters, photo: AP , photo: AP)
The US Environmental Protection Agency throws the Group prior to the manipulation of measuring pollutants in diesel vehicles, it threaten multibillion dollar penalties. The Wolfsburg have already admitted the wrongdoing and promised to cooperate with the authority. The Group also issued a ban on sales of the models in question in the United States. Affected by the manipulation allegations almost half a million vehicles.
share price falls are further
Meanwhile, the VW share continued its descent. The paper lost on Tuesday dramatically, at times was a decline of 20 percent to be charged. Already on Monday VW had lost nearly a fifth of its market capitalization
Your Forum VW scandal: How big is the loss of image for the “German engineering”?
VW must expect a billion penalty for geschönter exhaust emissions in the United States. Even more difficult the Group could meet but the damage to their image. And the reputation of other German companies might get scratches.
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