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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The 2009 Volkswagen Jetta Diesel Sedan was awarded Green Car of the Year.The award was rescinded in early October 2015.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 ...
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 ...
In January 2017, VW pleaded guilty to the emissions scandal and agreed to pay US$4.3 billion in penalties. As of January 2019, 13 VW employees have been indicted, including former CEO Martin Winterkorn. In addition, two former executives (Oliver Schmidt and James Robert Liang) have pleaded guilty in US court and sentenced to prison terms. [10] [11]
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