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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 ...
German public prosecutors raided the Wolfsburg headquarters of Volkswagen <VOWG_p.DE> on Tuesday in the latest investigation into the carmaker's diesel emissions scandal. Volkswagen, which ...
The Volkswagen XL1, with potential mileage as high as 261 mpg ‑US (0.9 L/100 km), is the most fuel-efficient car in the world.. In 1974 Volkswagen paid a $120,000 fine to settle a complaint filed by the Environmental Protection Agency over the use of so-called "defeat devices" that disabled certain pollution-control systems.
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 ...
Volkswagen was one of the earliest entrants into the electric vehicle industry, years before it became commonplace to own or drive them. Its efforts were on full-steam in the wake of a diesel ...
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 ...
Some cars' emissions were higher even though there was no manipulated software. Scandals relating to higher-than-reported emissions from diesel engines began in 2014 when the International Council on Clean Transportation (ICCT) reported discrepancies between European and US models of vehicles. This began with the Volkswagen emissions scandal.
"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 ...