Archives for September 2015

Daily diesel drama

• Volkswagen CEO Will Brief Board Leaders on Diesel Investigation – Bloomberg: The company said on Tuesday it plans to fix the pollution-control systems. It hasn’t specified how many of each type of car are affected, exactly how it’ll…
• GERMANY: KBA probe extends beyond VW to foreign automakers – Just-auto: Germany’s Federal Motor Transport Office (KBA) says it is extending its diesel emissions probe to include other overseas manufacturers as the fallout from the Volkswagen defeat device scandal continues to ripple across the globe.
• VW’s Skoda says not seeing deviations in production or sales – Reuters: The company has said 1.2 million of its cars are affected. However, Skoda has said that the engines in question are no longer used by the company…
• Volkswagen director says staff acted criminally over emissions tests – Guardian: A Volkswagen board director who represents the state of Lower Saxony, which has a controlling stake in the carmaker, has said some some staff acted…
• Volkswagen emissions scandal: used values drop 3% – Autocar: The emissions scandal has caused trade values of used VW diesels to drop The trade value of used Volkswagen diesel cars has fallen 3% since details of the emissions scandal surfaced.Glass’s Guide, the motor trade valuation publication, has revealed that in September values on the used market as a whole increased by 2.1%. However, values of used Volkswagens are the same as they were at the start of the month, so, in essence, are 2.1% down.It’s worse when you look at diesel models.
• VW crisis could hit its auto ABS – Reuters: Auto ABS transactions are exposed to used car values either directly … Reuters reported late on Friday that the European Central Bank suspended…
• VW readies external inquiry into emissions scandal-source – Reuters: Senior Volkswagen executives will examine … in sales tax on small cars in China could provide a boost to Volkswagen.
• Fiat Chrysler Is A Strong Buy After Volkswagen Fallout – Seekingalpha: Fiat Chrysler’s share price has been hit by the diesel emissions scandal, but with little justification. Fiat stands to gain a large market share increase…

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Daily Dieselgate

• Volkswagen to refit cars affected by emissions scandal – Reuters: BERLIN Volkswagen (VOWG_p.DE) signaled on Tuesday it would recall up to 11 million vehicles as it tries to address the scandal over its admission…
• Volkswagen Subsidiaries Audi and Skoda Also Installed Deceptive Software – Time: … erupted around the German automobile manufacturer since charges of the systemic … Some 2.1 million Audi cars and 1.2 million made by Skoda – Volkswagen’s … for Skoda, announced that the firm would recall those vehicles.
• Tesla Motors Inc (TSLA) Is The Next Victim After Volkswagen Wrongdoing. Accused in the U.S. by … – Financialbio: Tesla Motors Inc (NASDAQ:TSLA) was accused in the U.S. of fraud by a group of 71 owners of Tesla Model S who proved that their cars are weaker…
• Volkswagen cut from top sustainability ranking – CNBC: Volkswagen will be dropped from a leading sustainability index next month in the wake of an emissions scandal that has wiped billions off the…
• Japan Orders Probe of Diesel Car Emissions After VW Scandal – Bloomberg: Japan’s transport ministry has ordered carmakers to investigate whether their diesel vehicles meet the country’s emission norms after Volkswagen…
• SOUTH AFRICA: Regulators eyeing Volkswagen – Just-auto: South African regulators are investigating Volkswagen’s local business to see if cars sold there also rigged carbon emissions data, an official has said.The National Regulator for Compulsory Specifications (NRCS), which ensures vehicles comply with the necessary standards, including emissions, before being sold locally, said on its website all VW cars had met the requirements.
• Swedish Prosecutors Evaluating Possible Volkswagen Investigation – Bloomberg: Sweden’s evaluation of a potential investigation into Volkswagen follows a revelation by Europe’s biggest car manufacturer that it used software to…
• GERMANY: Defiant Bosch backs diesel but quiet on Volkswagen – Just-auto: Bosch is remaining defiant in the current storm swirling around Volkswagen, insisting diesel technology is “indispensable” in achieving European emissions targets, but declines to discuss its business relationship with the German automaker…
• VW Crisis Signals Shift for Europe’s Diesel-Focused Oil Industry – Bloomberg: Europe’s refineries have been shifting for decades toward greater output of diesel to mirror alterations to the continent’s car fleet. As they have done so…

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