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Volkswagen just announced a 2nd emissions scandal

Discussion in 'Cars and Vehicles' started by EF-Roger, Nov 4, 2015.

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  1. EF-Roger

    EF-Roger Member

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    A second act in Volkswagen'smassive emissions scandal just began.

    Late Tuesday night, VW Group announced that the company had identified "irregularities in CO2 levels" that emerged as part of internal investigations.

    As many as 800,000 vehicles could be affected across the entire group, according to the release.

    Shares are getting crushed in early European trading, falling by as much as 10%, pushing the price below €100 at times. An hour and a half after trading began, shares have settled to be down by around 8%.

    The previous finding, revealed by the US Environmental Protection Agency in September, related to nitrogen oxide, a different emission that can be extremely harmful to humans but is less of a driver of climate change.

    Read more http://www.businessinsider.com/volkswagen-emissions-scandal-800000-vehicles-could-be-affected-by-co2-irregulaturies-2015-11?r=UK&IR=T
     

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