The VW Group is posting some of the biggest losses in its history. The diesel emissions scandal and having to create reserves for compensation payments added up to losses of some 4.1 billion euros. Where does VW go from here?
The Bavarian carmaker has denied using defeat devices, saying it was a problem of incorrect, unsuitable software in the 750d and M550d models. A class-action lawsuit has been launched in the United States.
Here it is again, the VW diesel crisis. Even if the German auto giant appears reformed and wants to look ahead, the legal processing in its Dieselgate scandal is only at a starting stage, says DW’s Henrik Böhme.
Daimler is alleged to have sold over a million cars in Europe and the US containing engines rigged to cheat emissions tests. German authorities raided several locations associated with the automaker back in May.
German automaker Daimler has announced it is to recall millions of Mercedes-Benz diesel vehicles. The move comes as German authorities investigate the firm for allegedly cheating on emissions tests.
© 2018 Deutsche Welle |
Legal notice |
| Mobile version