Foreign Affairs

unhappycamper

(60,364 posts) Mon Sep 28, 2015, 07:24 AM Sep 2015

VW shares slide again amid widening scandal

http://www.dw.com/en/vw-shares-slide-again-amid-widening-scandal/a-18745597

Shares of German carmaker VW have taken yet another dive as repercussions of the company's scandal over falsified emissions tests take their toll. Audi announced how many of its cars were fitted with defeat devices.

VW shares slide again amid widening scandal
28.09.2015

Shares in German auto giant Volkswagen continued their downward slide in mid-day trade on Monday, shedding nearly 7 percent as the scandal over rigged pollution tests showed no sign of abating.

According to German media reports, VW had ignored warnings from staff and supplier Bosch years ago that there was an illegal emissions test rigging software in use in a large number of vehicles.

Audi said Monday that 2.1 million of its cars worldwide were fitted with the so-called defeat devices that allowed parent company VW to thwart emission tests in the US.

Audi noted that 577,000 of those units were sold in Germany and almost 13,000 in the US and added that a wide range of models were affected, including A1, A3, A6, TT, Q3 and Q5 cars.