Emissions revelation adds €2bn risk for VW

German car maker Volkswagen reported on the 3 November 2015 that an internal investigation in the wake of its pollution cheating revelations had found that 800,000 more vehicles showed 'inconsistencies' related to carbon emissions (Co2).

On the 23 November 2015 the new VW CEO, Matthias Müller, said that the company would be able to deal with the financial and technical efforts and expenditures needed to resolve the company's diesel emissions scandal.VW had found technical solutions for more than 90% of the vehicles affected in Europe.

• Primary Source

ESO: Background information: Volkswagen books first quarterly loss in 15 years http://www.europeansources.info/record/volkswagen-books-first-quarterly-loss-in-15-years/

ESO: Background information: Volkswagen and Commission discuss emissions crisis http://www.europeansources.info/record/volkswagen-and-commission-discuss-emissions-crisis/

Deutsche Welle, 03.11.15: Audi denies EPA diesel engine cheating accusations http://dw.com/p/1GysQ

BBC News, 03.11.15: VW emissions scandal: US regulators find more cars with cheat tests http://www.bbc.co.uk/news/business-34705604

BBC News, 04.11.15: Volkswagen says 800,000 cars may have false CO2 levels http://www.bbc.co.uk/news/business-34712435

Volkswagen Group: Press release, 03.11.15: Clarification moving forward: internal investigations at Volkswagen identify irregularities in CO2 levels http://www.volkswagenag.com/content/vwcorp/info_center/en/news/2015/11/internen_untersuchungen.html

Volkswagen Group: Press Release, 03.11.15: Statement of the Supervisory Board on irregularities in CO2 levels http://www.volkswagenag.com/content/vwcorp/info_center/en/news/2015/11/Stellungnahme_des_Aufsichtsrates.html

Politico, 03.11.15: New emissions troubles hit Volkswagen http://www.politico.eu/article/new-emissions-troubles-hit-volkswagen/

Deutsche Welle 23.11.15: VW emissions restitution 'manageable' http://dw.com/p/1HAz6

The Local.de, 24.11.15: VW 'can fix 90 percent of cheating cars' in EU http://www.thelocal.de/20151124/vw-can-fix-90-percent-of-cheating-cars

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