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Sep 24, 2015

TRUCKMAKER TROUBLES * USA: VW emissions scandal

* DC - After revelations ff cheating on U.S. emissions tests

(Video from AJ+, on Sep 22, 2015) 
-- Volkswagen admitted that they manipulated U.S. emissions tests and that some 11 million cars worldwide are affected... Volkswagen's cover was blown when an independent review by the International Council on Clean Transportation found higher levels of nitrogen-oxide emissions in a Jetta and Passat car models... For now, the US Environmental Protection Agency (EPA) has not named any more affected vehicles, but industry group Transport & Environment has already claimed the scandal could spread to cars sold in the UK and Europe. UK emissions testing company Emissions Analytics told other manufacturers could be guilty. As well as truck makers Scania and Man. For now, none of these other companies have been implicated in emissions cheating...


* Germany - Volkswagen's CEO Martin Winterkorn quits

-- Volkswagen boss Martin Winterkorn has resigned following the scandal that has engulfed the company. The German chief executive had previously issued an apology for the emissions testing fraud, which had affected 11 million cars, but at the time he refused to step down... Porsche CEO, Matthias Muller and Herbert Diess, who joined Volkswagen from rival BMW have been touted as potential successors... The trucks and auto manufacturer has set aside €6.5bn (£4.7bn) to cover costs of the fallout which has sent ripples through the automotive industry... 
(Photo Reuters: Martin Winterkorn has stepped down as Volkswagen boss)   --  Wolfsburg, Germany - IB Times UK, by Romil Patel - September 23, 2015 

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