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VW ordered to recall 2.4 million cars in Germany | VW ordered to recall 2.4 million cars in Germany |
(35 minutes later) | |
Volkswagen has been ordered to recall 2.4 million cars in Germany by the country's automotive watchdog as a result of the diesel emissions scandal. | Volkswagen has been ordered to recall 2.4 million cars in Germany by the country's automotive watchdog as a result of the diesel emissions scandal. |
German media reports suggest the KBA earlier rejected VW's proposals that car owners could voluntarily bring their cars in for repair. | German media reports suggest the KBA earlier rejected VW's proposals that car owners could voluntarily bring their cars in for repair. |
Meanwhile, Italian police have raided VW offices in Verona and Lamborghini offices in Bologna. | Meanwhile, Italian police have raided VW offices in Verona and Lamborghini offices in Bologna. |
Reports suggest Italian prosecutors are investigating alleged commercial fraud. | Reports suggest Italian prosecutors are investigating alleged commercial fraud. |
Separately, the man tipped to become VW's North America boss has resigned. | Separately, the man tipped to become VW's North America boss has resigned. |
The company said Winfried Vahland was leaving because of "differing views on the organisation of the new group region". | The company said Winfried Vahland was leaving because of "differing views on the organisation of the new group region". |
Last month, authorities in the US discovered some VW diesel cars had been fitted with a device to cheat emissions tests. The carmaker subsequently admitted that up to 11 million cars worldwide could have the device fitted. | |
The company has launched a thorough investigation into the scandal, but new chairman Hans Dieter Poetsch has warned that answers would take "some time". | The company has launched a thorough investigation into the scandal, but new chairman Hans Dieter Poetsch has warned that answers would take "some time". |
VW has set aside €6.5bn ($7.4bn; £4.8bn) to cover the costs of the scandal, but some experts believe the final bill could be much higher. | VW has set aside €6.5bn ($7.4bn; £4.8bn) to cover the costs of the scandal, but some experts believe the final bill could be much higher. |
Shares in the company recovered slightly last week but are still down almost 20% since the scandal broke in the middle of September. | Shares in the company recovered slightly last week but are still down almost 20% since the scandal broke in the middle of September. |