Volkswagen: The scandal explained

What is Volkswagen accused of?

It’s been dubbed the “diesel dupe”. In September, the Environmental Protection Agency (EPA) found that many VW cars being sold in America had a “defeat device” – or software – in diesel engines that could detect when they were being tested, changing the performance accordingly to improve results. The German car giant has since admitted cheating emissions tests in the US.

VW has had a major push to sell diesel cars in the US, backed by a huge marketing campaign trumpeting its cars’ low emissions. The EPA’s findings cover 482,000 cars in the US only, including the VW-manufactured Audi A3, and the VW models Jetta, Beetle, Golf and Passat. But VW has admitted that about 11 million cars worldwide, including eight million in Europe, are fitted with the so-called “defeat device”.

Anexo plc (LON:ANX) is a specialist integrated credit hire and legal services group focused on providing replacement vehicles to consumers who have been involved in a non-fault accident.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
Twitter
LinkedIn
Anexo Group plc

More articles like this

Anexo Group plc

Investment continuing to pay off

Ahead of today’s AGM, Anexo has issued a confident trading statement covering the first four months of FY22. The update follows last month’s announcement of strong FY21 results, including a 53% growth in pre-tax profit to

Anexo Group plc

“Never events” and the NHS

The rising number of ‘never events’ The past few years have proven tough for the NHS, but the health service has remained in place, doing the best it can to care for and support the country.

Anexo Group plc

Will we see Dieselgate 2.0?

The modern indication of a scandal is to add the term “gate” to the end of the problem. In the NFL, we’ve seen Deflategate, which involved Tom Brady, the New England Patriots, and deflated footballs. In

Anexo Group plc

Confident trading update and increased debt facilities

Following a strong January trading update and forecast upgrades, Anexo has issued a confident trading statement ahead of its 2021 full-year results announcement on 11 May. Trading is in line with management’s expectations. Continued focus on

Anexo Group plc

Anexo Group sees improvement across all business areas

Anexo Group plc (LON:ANX), the specialist integrated credit hire and legal services provider, has provided the following pre-close trading update for the year ended 31 December 2021 ahead of the release of its FY-2021 Final Results on 11th