“Eleven million cars with the software rigged”. Volkswagen scandal widens, moving the EU
The German automaker sets aside € 6.5 billion to cover the costs related to each other. Minister Galletti: stop sales if they have falsified the data in Italy
The storm of Volkswagen is not subsiding. The German automaker admits that 11 million vehicles involved in the scandal of rigged emissions from diesel engines and sets aside 6.5 billion to meet the costs of the case (including recalls and fines). The title on the stock market collapses again where lose about another 20% after the crash yesterday (-17%).
EUROPE FIELD
After the US have launched a criminal investigation, France calls for EU intervention. Europe can not start an investigation but asks certainty with respect to the emission limits. The spokesman for the EU Commission, Caudet Lucia, said that “for the safety of our consumers and the environment, you must make sure that the industry complies strictly with the emission limits.” “We are taking this matter very seriously,” he added. “The Commission services are in contact with Volkswagen, the US Environmental Protection Agency and the California Air Resources Board to know the details of the recent withdrawal of the car manufacturer in the US.”
THE WARNING OF THE ITALIAN GOVERNMENT
In the Italian Ministry of Infrastructure and Transport has launched an investigation. Minister Galletti requested information on cars sold in the Italian market in a letter to the managing director and general manager of Volkswagen: In case of corrupted data in Italy must evaluate the stop of sales and withdrawal of the cars. The Ministry also calls upon the incident KBA Kraftfahrt-Bundesamt, the greater homologater the car in question, asking “if such deficiencies can also cover vehicles approved and marketed in the territory of the Union.” Galletti wants to “capture the results of compliance checks that KBA will take effect, to protect the environment and the quality of products approved for the EU market.”
countermoves HOUSE GERMAN
Volkswagen runs for cover. In a statement it ensures that the new Euro 6 diesel vehicles currently distributed in Europe “conform to the laws and standards of pollution.” The German company has therefore announced that it will set aside 6.5 billion euro in the third quarter to meet the costs. These resources will be used to finance “the necessary measures to recover the trust of customers.” In addition, the group will review the target profit for the current year by the same amount. And in a statement he assures that “is working hard to eliminate” the issue of discrepancies between the results of tests conducted at the factory and the actual measurements of the road for vehicles with engines of type EA 189. “Volkswagen not tolerate any kind of violation of laws in any form “and the first priority of the company’s board, said the press release, is to regain the lost confidence among its customers. “The Group will keep the public informed on the further progress of the investigation in a constant and transparent.”
ANALYSIS – So it cracks the myth reliability German (Mastrobuoni)
FILE – Here are the allegations against Volkswagen (Bottero)
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22/09/2015
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