Belfast Telegraph

Home News World

Volkswagen shares slide after latest emissions cheating claims

Volkswagen shares have dropped after US environmental officials said the company equipped more models than previously thought with software that let the cars cheat on diesel emissions tests.

The company's ordinary shares fell 3.37% in midday trading on Tuesday in Europe to 108.90 euro per share.

The scandal over emissions cheating widened on Monday when the US Environmental Protection Agency (EPA) said that Volkswagen installed software on thousands of Audi, Porsche and Volkswagen cars with six-cylinder diesel engines that allowed them to emit fewer pollutants during tests than in real-world driving.

Volkswagen denied the charge, but faces the prospect of more fines and lost sales.

The previous revelations of cheating involved four-cylinder diesels in smaller cars.

Volkswagen has apologised for those cars and hired a law firm to investigate.

Your Comments

COMMENT RULES: Comments that are judged to be defamatory, abusive or in bad taste are not acceptable and contributors who consistently fall below certain criteria will be permanently blacklisted. The moderator will not enter into debate with individual contributors and the moderator’s decision is final. It is Belfast Telegraph policy to close comments on court cases, tribunals and active legal investigations. We may also close comments on articles which are being targeted for abuse. Problems with commenting? customercare@belfasttelegraph.co.uk

Popular

From Belfast Telegraph