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Volkswagen faces hefty emissions fine

21.09.2015

ONE of the world’s largest automakers, Volkswagen, has announced that it will suspend the sale of certain diesel-powered models after it was discovered that certain four-cylinder diesel models such as the Golf, Beetle, Jetta, Passat and Audi’s A3 contained software that provided false emissions data.

This could spell a multibillion dollar fine for Volkswagen as it is estimated that some 482 000 cars are equipped with the software. The violations could spell up to $37 500 per car, or $18 billion, according to the Wall Street Journal.

A quick scour of Twitter exposes that the VW share price has plunged an incredible 17% to cap off what has been a bad few months for the German company after losing over 2 700 cars in the Tianjin Chinese explosion. The company’s CEO Martin Winterkorn has publically apologised for breaking the public’s trust.

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Article written by Autodealer
21.09.2015
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