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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 ...
On 11 January 2017, Volkswagen agreed to plead guilty to the emissions-cheating scandal and to pay $4.3 billion in penalties. Six Volkswagen executives were charged. [ 37 ] [ 38 ] The following day, one of the indicted executives was ordered to be held without bail pending trial as it was feared that he would flee to Germany and extradition ...
Some cars' emissions were higher even though there was no manipulated software. Scandals relating to higher-than-reported emissions from diesel engines began in 2014 when the International Council on Clean Transportation (ICCT) reported discrepancies between European and US models of vehicles. This began with the Volkswagen emissions scandal.
A former Volkswagen manager, who is on trial over the carmaker's emissions-cheating scandal, blamed company culture on Thursday for his and others' silence on the matter, but said he would have ...
Volkswagen said Tuesday about 11 million of its cars were fitted with Type EA 189 engines that had shown a "noticeable deviation" in emission levels between testing and road use. The company sold ...
VW will start firing people responsible for rigging U.S. emissions tests on Friday as they try to get to grips with the biggest scandal in its 78-year history.
Ulrich Baumgarten/Getty ImagesVolkswagen CEO Martin Winterkorn By Andreas Cremer BERLIN -- Volkswagen (VLKAY) said a scandal over falsified U.S. vehicle emission tests could affect 11 million of ...
In July 2019, four automakers —Ford, Honda, Volkswagen Group of America and BMW of North America – rejected the Trump rule proposal and adopted the California emission standards. [108] Shortly thereafter, the Department of Justice began an antitrust investigation of these four companies on the basis that working the deal together may have ...