VW Crisis: Situation worsens for the Volkswagen Group

According to the recent developments at the Volkswagen headquarters, more than 8,00,000 VW cars were found to have ‘inconsistent’ CO₂ levels.

The past few months have been anything but memorable for one of the biggest automobile families around the world – the Volkswagen Group. After the carmaker was accused of cheating in U.S. tests for nitrogen oxide emissions, Volkswagen today announced that according to an internal investigation, more than 8,00,000 cars were found to have ‘incorrect’ or ‘inconsistent’ CO₂ levels. The German automaker also said that the possible “economic risks” can mount up to 2 billion euros.

The new CEO Matthias Mueller, who joined after Martin Winterkorn resigned in September because of the same issue, assured that Volkswagen “will relentlessly and completely clarify what has happened.”

This new development is the latest addition to the mayhem that started in September after VW was accused of installing software meant to pass the nitrogen oxide emissions in various markets worldwide. Soon, the company admitted it by saying that almost 11 million cars worldwide had been running with this software. Out of these 11 million cars worldwide, almost 5,00,000 were running only in the U.S.

It is still unclear if these 8,00,000 cars are among those already-affected cars or not. But the statement released by the company did say that most of the affected cars are “predominantly vehicles with diesel engines.” But petrol engines could be included as well.

Also read: Volkswagen Group gets Restructured