VW Cheating Scandal Grows to 11M Cars


car gas safetyVolkswagen admitted Tuesday that as many as 11 million of its vehicles may be affected by software that downplays emissions during testing.

In a statement, the German auto maker said that it is “working intensely to eliminate these deviations through technical measures.”

The company dedicated $7.3 billion to deal with the situation. VW shares dropped an additional 20 percent Tuesday, cutting the company’s market capitalization by more than $31 billion just this week.

CEO Martin Winterkorn issued a statement Tuesday saying he is “deeply sorry.” Read more at NBC News.

{CB Frommer-Matzav.com}


  1. Hitler’s “People’s Car” is now gassing Americans. I hope the chain of command decision makers who were involved with this scheme are arrested and serve long prison terms. Every single car sold with this intentional poison-spewing flaw should have its full price refunded to its buyer by Volkswagen.