VW gets approval for another 460,000 diesel-car fixes
- Top 10 News for 10/17 - 10/21: Merger Rumors Abound; CEOs Depart; Tesla Kicks Autopilot Up A Notch
- Wall Street ends little changed; Microsoft hits record
- AT&T (T) in Advanced Talks to Acquire Time Warner (TWX) - DJ
- Rockwell Automation (ROK) Said to Attract Takeover Interest from Schneider Electric - Source
- British American Tobacco Offers to Acquire Remaining Shares of Reynolds American (RAI) for $56.50/Share
The logo of German car maker Volkswagen is pictured at the company's stand during the Hannover Fair in Hanover, Germany, April 25, 2016. REUTERS/Wolfgang Rattay
Get the Pulse of the Market with StreetInsider.com's Pulse Picks. Get your Free Trial here.
BERLIN (Reuters) - Volkswagen
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.
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.
(Reporting by Andreas Cremer; editing by Andrew Roche)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Second wind for stocks as earnings turn positive
- California lawmaker sentenced to over 3 years in corruption case: local media
- Half of Republicans would reject election result if Clinton wins: Reuters/Ipsos
Create E-mail Alert Related CategoriesReuters
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!