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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 ...
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 ...
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 ...
Germany's Transport Ministry said on Sunday there was no fresh news in a Bild am Sonntag report that Volkswagen (VOWG.DE) engineers told investigators certain petrol engines in VW, Audi and ...
The fallout continues from the diesel emissions scandal for the German car giant, which has also been leapfrogged by Tesla as the world's second most valuable carmaker. Volkswagen emissions ...
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 ...
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 ...