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According to this study, which was publish at The Journal of Industrial Economics the Volkswagen emissions scandal had a statistically significant negative effect on the number of transactions in the secondary market involving the affected models (nearly -18 percent) and on their resale price (nearly -6 percent). The study also find that the ...
The 2009 Volkswagen Jetta Diesel Sedan was awarded Green Car of the Year.The award was rescinded in early October 2015. On 18 September 2015, the United States Environmental Protection Agency (EPA) said beginning in 2008 the car maker fraudulently installed engine control unit (ECU) software determined to be a "defeat device", in violation of the Clean Air Act, to circumvent environmental ...
The emissions violations include cars produced by Volkswagen's American division, where Horn is currently CEO. Horn has admitted his company "screwed up" by using the vehicle's software to reduce emissions when it detects an emission testing, but allowing the diesel engines to produce pollutants above the legal limit under normal operating ...
"The Volkswagen issue is another black eye for the diesel engine overall," Mike Jackson, the chief executive of the AutoNation , the largest U.S. car retailer, told CNBC, adding the "brand ...
Volkswagen announced plans on Tuesday to refit up to 11 million vehicles and overhaul its namesake brand following the scandal over its rigging of emissions tests. New Chief Executive Matthias ...
Volkswagen official Oliver Schmidt has been sentenced to seven years in prison and handed down a $400,000 fine. In August, the former Volkswagen manager in Michigan pleaded guilty for his role in ...
In that role, his research helped uncover the Volkswagen emissions scandal of 2015. [1] German was investigating what he thought [a] would be relatively clean diesel emissions in US cars, where standards are more strict than in Europe. The hope was to eventually improve the diesel emissions of European vehicles. [1]
Volkswagen was charged with 60 counts of breaching the Canadian Environmental Protection Act by importing vehicles that did not conform to prescribed emission standards, Environment and Climate ...