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Companies & Markets

US senators probe tax credit related to VW "clean-burning" cars

Published Wed, Oct 7, 2015 · 01:49 PM
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[WASHINGTON] Top senators on the US Senate Finance Committee are investigating Volkswagen AG's actions related to federal tax credits designed to reward consumers for buying environmentally-friendly vehicles, according to a letter released on Wednesday.

The move by Senate Finance Committee Chairman Orrin Hatch and ranking Democrat Ron Wyden was conveyed in a letter to the automaker dated Oct 6 but made public on Wednesday.

It comes after the company admitted that it used a software trick to show false, "clean-burning" diesel engine performance in some of its models.

REUTERS

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