Volkswagen Says 430,000 New Cars Cheated CO2 Levels
Update: A spokesman for Volkswagen of America said U.S. cars aren’t affected.
Volkswagen announced Friday that more than 400,000 of its cars with “irregularities” in reported carbon dioxide emissions were new cars, which could shed new light on how many more cars the beleaguered automaker would have to pay for.
This month, Volkswagen announced 800,000 cars emitted more carbon dioxide than reported to regulators. Of those cars, Volkswagen announced Friday that 430,000 were 2016 models across many of the automaker’s brands including Volkswagen, Audi, Skoda and Seat. It’s unclear how many older models may be added to the list of cars that emit more carbon dioxide.
When Volkswagen announced it lied about carbon dioxide emissions the automaker estimated that it would cost up to $2 billion to fix.
Volkswagen hasn’t yet announced how much the diesel scandal would cost the company, although some analysts have estimated that the scandal could cost much more than initially estimated. A Barclays analyst said Friday that the scandal could cost more than $26 billion by 2017, according to Bloomberg.
The automaker may meet with banks on Monday to acquire more than $21 billion in “bridge financing” to cope with the financial strain of its growing crises.
The list of cars that could emit more carbon dioxide is comprised of mostly European-only cars and diesel-powered models currently affected by the company’s diesel scandal. Included on the carbon-dioxide list are Volkswagen GTI and Golf R models that were sold in the U.S. but wouldn’t be affected, according to a Volkswagen spokesman.
According to Bloomberg, Volkswagen may submit Monday its plan to German authorities to fix 1.6-liter diesel models that have been illegally polluting. That fix for its smaller engines may only be a software update, according to the report.
The automaker has not announced its plans for fixing 482,000 cars affected in the U.S.
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- ChristianWimmer It might be overpriced for most, but probably not for the affluent city-dwellers who these are targeted at - we have tons of them in Munich where I live so I “get it”. I just think these look so terribly cheap and weird from a design POV.
- NotMyCircusNotMyMonkeys so many people here fellating musks fat sack, or hodling the baggies for TSLA. which are you?
- Kwik_Shift_Pro4X Canadians are able to win?
- Doc423 More over-priced, unreliable garbage from Mini Cooper/BMW.
- Tsarcasm Chevron Techron and Lubri-Moly Jectron are the only ones that have a lot of Polyether Amine (PEA) in them.
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Where are all the folks that laughed early on when I said this was going to break VW? They may not survive? Huh?
And the next volcanic eruption produces how much sulphuric acid and co2 from incineration? For the 100 it should be prison and bra & pantie time.