Comment on Volkswagen diesel emissions scandal timeline

Volkswagen diesel emissions scandal timeline

Volkswagen diesel emissions scandal timeline The U.S. Environmental Protection Agency says Volkswagen installed software on more than 475,000 cars that enabled them to cheat on emissions tests. The software reduced nitrogen oxide emissions when the cars were placed on a test machine but allowed higher emissions and improved engine performance during normal driving. Volkswagen says about 11 million diesel vehicles worldwide were fitted with the deceptive software. Volkswagen names Hans Dieter Poetsch, its chief financial officer, as the new board chairman. The move had been planned since before the crisis but raises concerns about the ability of longtime insiders to get to the bottom of the matter. Germany orders recall of all Volkswagen cars with the test-cheating software. Volkswagen reports a loss of $1.83 billion in the third quarter after booking a charge of $7.5 billion to cover the costs of recalls connected to the scandal. The EPA and the California Air Resources Board say Volkswagen also installed the cheating software on thousands of Audi, Porsche and VW cars with 3.0-liter, six-cylinder diesel engines. Volkswagen initially rejects the new allegation, then admits the 3.0-liter engines have had illegal “defeat devices” since 2009. The U.S.

 

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