Volkswagen Reserves $18 Billion For Diesel Fraud

The automaker said it had lost $6.2 billion in 2015, and the German government on Friday ordered a recall of 630,000 diesel vehicles from VW and other automakers.

Source: VW, Setting Aside $18 Billion for Diesel Scandal Costs, Reports Record Loss

There were indications on Friday that controversy about diesel engines was spreading to other carmakers.  The German Transport Ministry said it was ordering the recall of 630,000 diesel cars because they were programmed to turn down emissions controls in cold weather. However, the ministry said that except for Volkswagen, none of the companies had illegal software designed to produce artificially low emissions under test conditions. The brands whose vehicles are subject to recall include Mercedes-Benz, General Motors’ Opel unit, Volkswagen, Audi and Porsche.

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