Black Friday is Now! Don’t miss out on up to 60% OFF InvestingProCLAIM SALE

Volkswagen gets approval for another 460,000 diesel-car fixes

Published 14/08/2016, 12:37
© Reuters. A Volkswagen logo is pictured at Volkswagen's headquarters in Wolfsburg
VOWG_p
-

BERLIN (Reuters) - Volkswagen (DE:VOWG_p) has won German regulatory approval for technical fixes on another 460,000 diesel cars with illicit emissions control software, it said on Sunday, raising the number of vehicles cleared for repair to over 5 million.

Approval by Germany's motor vehicle authority KBA is valid for countries throughout Europe where 8.5 million diesel cars are affected by Volkswagen's emissions test-rigging scandal. About 11 million autos are implicated globally.

In the United States, where VW's manipulations came to light eleven months ago, the German group still lacks technical fixes and is in the process of testing hardware and software that could help it avoid having to buy back about 475,000 affected cars.

VW said on Sunday that Germany's KBA had signed off on a fix for models with smaller 1.2-litre diesel engines, such as the Polo subcompact and Spanish division Seat's Ibiza model.

VW group models with 1.2-litre and 2.0-litre engines only require a software update on pollution control systems, whereas about 3 million 1.6-litre engines, besides the software update, also require a mesh to be installed near the air filter.

© Reuters. A Volkswagen logo is pictured at Volkswagen's headquarters in Wolfsburg

Wolfsburg-based VW has said the majority of the 8.5 million cars can be repaired this year but an unknown number of vehicles will not be fixed until 2017.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.