Volkswagen boss says sorry for emissions scandal
The boss of Volkswagen has said sorry and stopped the sale of some VW diesel cars, after regulators found software (allegedly) designed to give false exhaust emissions data. Wer ist ein frecher Junge dann?
If you missed it, this particular scandal came about when the US Environmental Protection Agency (EPA) stated that they'd found a "defeat device", which basically turned on emission controls when a vehicle was undergoing an emissions test.
They said that, when cars were on the road as normal, with the device switched off, VW cars pumped out as much as 40 times the amount of pollutants that are permitted under American laws.
This affects nearly half a million diesel cars that were sold in the US, and could end up treading on the toes of laws in other countries too. These cars include the Beetle, Audi A3 and Golf. And it is bad news for VW, as they are now looking at a potential fine of up to £11.6bn.
VW's chief executive Martin Winterkorn said: "I personally am deeply sorry that we have broken the trust of our customers and the public."
"We will cooperate fully with the responsible agencies, with transparency and urgency, to clearly, openly, and completely establish all of the facts of this case. Volkswagen has ordered an external investigation of this matter. We do not and will not tolerate violations of any kind of our internal rules or of the law."
"The trust of our customers and the public is and continues to be our most important asset. We at Volkswagen will do everything that must be done in order to re-establish the trust that so many people have placed in us, and we will do everything necessary in order to reverse the damage this has caused."
And lo, Volkswagen's share price fell 14% today.