You are here

Volkswagen says 11m cars worldwide have pollution cheating software

German public prosecutors said Wednesday they have launched a preliminary criminal inquiry into the pollution cheating scandal that has engulfed auto giant Volkswagen.

[FRANKFURT] German auto giant Volkswagen said Tuesday that as many as 11 million diesel cars worldwide were equipped with a particular engine type that could skew emissions data, as the pollution cheating scandal snowballed.

The automaker also said it was setting aside 6.5 billion euros in provisions in the third quarter to cover potential costs resulting from the scandal and it would have to adjust its profit targets for the current year accordingly.

The announcement sent VW shares down a further 20 per cent on the Frankfurt stock exchange Tuesday, after they lost 17 per cent the day before.


Market voices on:


Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at

Powered by GET.comGetCom