11 million cars hit by Volkswagen scandal

NULL

The German automobile manufacturer Volkswagen says that the scandal over falsified US vehicle emission tests could affect 11 million of its cars worldwide. This comes as the number of investigations of its diesel models continue to increase, mounting further pressure on CEO Martin Winterkorn. According to several media outlets, the US Department of Justice is now opening an investigation after the world's leading car seller apologised for using software to manipulate emission tests. Volkswagen shares fell in Tuesday trading in Frankfurt, after slumping nearly 20% on Monday. The company was forced to recall half a million vehicles earlier this week. Meanwhile, South Korea is launching an investigation into whether Volkswagen cheated emissions tests in the country while France's Finance Minister is calling for an EU investigation.

More from Business

Coming Up on Dubai Eye

  • The Debrief

    4:00pm - 7:00pm

    Join Dane on Dubai Eye 103.8 for The Debrief from 4pm to 7pm, the perfect way to unwind after a busy day at the office.

  • The Score

    7:00pm - 9:00pm

    Hosted by Chris McHardy, The Score is your comprehensive guide to the world of sport.

BUSINESS BREAKFAST LATEST

On Dubai Eye

  • Is There Sufficient House Supply In UAE

    Dubai’s current population is more than double compared to almost twenty years ago, which now stands at 3.7 million. Lots of families are also moving to the UAE now. So what does it mean for the property market?

  • Noon's First Female Delivery Driver

    Glory Ehirim Nkiruka is Noon’s first ever female delivery driver. In her first ever interview, she explained why she loves her job, despite the heat!