VM emissions scandal latest

Added On September 29, 2015

Now the latest on the Volkswagen scandal...

German media F.A.Z or Frankfurter General Newspaper reports that Volkswagen officials were warned four years ago about illegal software installed in diesel-powered cars that allows emissions to be masked.
The report says a Volkswagen technician alerted the company in 2011 about the software, which enables vehicles to pump out more pollutants than allowed by regulators.
An internal inquiry had lead to the finding, which was given to Volkswagen's supervisory board on Friday, the day the automaker appointed Porsche head Matthias Mueller to take over for Martin Winterkorn as chief executive.
According to the inquiry, it was unclear why the information was not acted upon by VW leaders in 2011.
In a separate report on the same inquiry, a German tabloid 'Bild am Sonntag' says that automotive parts supplier Bosch cautioned VW in 2007 not to use its emissions software illegally.
Volkswagen has declined to comment on the reports.
Earlier this week, Volkswagen, the biggest carmaker in the world, admitted to cheating U.S. emissions tests. 
The company said that 11 million Volkswagen diesel-engine vehicles worldwide have been fitted with rigged software allowing them to downplay their true emissions results.
The scam could lead to fines worth more than 18 billion  U.S. dollars, while the German automaker giant has already seen billions of euros wiped off its stocks this week. 
The chief of the German association of automotive industry Matthias Wissmann has said that manipulations of emissions were not acceptable.
He said that the German auto industry is dismayed by the manipulation of emissions test of Volkswagen.
He called for full and consistent investigation into the issue and said the auto industry supports efforts by authorities in their work for comprehensive clarification and examination.
Wissmann also maintained that the issue is only related to software, but not a general problem with the whole technology of diesel vehicles.
SOUNDBITE(GERMAN) MATTHIAS WISSMANN, Chief of German auto industry assn.
"Germany's automotive industry as a whole will take measures to respond to questions. In recent days, BMW was faced with unjust condemnation. The company responded to it timely and some media also apology for it. So I think we can clarify the fact in order to avoid questions around the world."
Volkswagen's image has been affected in Germany.
"I think this brand will be harmed by the scandal. When I buy a car, emission is an important factor for my choice. Therefore, I will not trust Volkswagen until this issue is solved."
As so far, the crisis has shown no sign of abating with the U.S. ban on the sale of Volkswagen's new diesel models.
Switzerland also temporarily suspended the sale of new Volkswagen diesel-engine models, potentially affecting some 180,000 vehicles on Swiss roads.
France and Britain have announced new checks and the European Union has urged its 28 member states to investigate whether vehicles in their countries complied with pollution rules. India and Mexico have also opened fraud probes into Volkswagen cars sold there.