Volkswagen’s shares plunge as diesel emissions scandal hits petrol engines
SHARES in Volkswagen plunged by 10pc as Tuesday’s findings over carbon dioxide emissions, and petrol-fuelled cars showed involvement of smaller 1.4-litre engines.
Reported as the heaviest loser on the German blue-chip DAX 30 index, The Telegraph said that probe had found that another 800,000 vehicles showed “irregularities” – this time related to carbon dioxide emissions.
It stated that most of the cars implicated have featured bigger engines, and included 3-litre and Porsche diesel cars, according to fresh allegations in the US on Monday, noting that Volkswagen denied those claims.
The affected cars are particularly Polo and Golf, as well as some Seat and Skoda cars, and the Audi A1 and A3.
Volkswagen said: “It was established that the CO2 levels and thus the fuel consumption figures for some models were set too low during the CO2 certification process.”
According to the organisation it would endeavour to clarify the further course of action as quickly as possible and ensure the correct CO2 classification for the vehicles affected with the responsible authorities.
“The board of management of Volkswagen deeply regrets this situation and wishes to underscore its determination to systematically continue along the present path of clarification and transparency,” it added.
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