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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The 2009 Volkswagen Jetta Diesel Sedan was awarded Green Car of the Year.The award was rescinded in early October 2015.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 ...
Oliver Schmidt (born January 9, 1969) [1] [2] is a German engineer, former senior executive for Volkswagen in Germany and the United States as well as a convicted felon. In December 2017, Schmidt was sentenced to 84 months (7 years) in federal prison for his role in the Volkswagen emissions scandal. [3]
German prosecutors said on Wednesday they had charged another eight employees of auto maker Volkswagen <VOWG_p.DE> over the scandal surrounding cheating on diesel engine emission tests. The eight ...
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 ...
Audi Fined $926 Million Over Volkswagen Diesel Emissions Scandal. Skip to main content. Sign in. Mail. 24/7 Help. For premium support please call: 800-290-4726 more ways ...
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 ...
Prosecutors have charged former Volkswagen chief executive Martin Winterkorn with giving false testimony to the German parliament when he said he was unaware of the carmaker's diesel emissions ...