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 2015, the automotive world experienced the first version of Dieselgate when Volkswagen was caught using defeat devices to falsify emissions numbers of diesel-powered small cars. Are we on the verge of another diesel scandal?
Authorities recently conducted searches in Germany, Italy, and Hungary relating to the use of defeat devise in diesel vehicles. Reuters reports these searches are part of an investigation into diesel-powered vehicles from Suzuki. Stellantis supplied the engines in these Suzuki vehicles and Marelli made the parts for these engines. This puts these three companies in the proverbial bed together and under investigation.
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.