Volkswagen isn’t the only company under fire for dieselgate. Now Audi \u2014 the Volkswagen Group’s luxury brand \u2014 is under scrutiny, too.<\/p>\n
Specifically, German prosecutors have opened a criminal investigation into the high-end carmaker in its hometown of Ingolstadt.<\/p>\n
According to Bloomberg, investigators are specifically looking for individuals responsible for the VW Group’s emissions-cheating software included on the group’s 2.0-liter diesel engines, which affeced as many as 2.1 million Audis world-wide. So far, however, prosecutors have not identified any suspects.<\/p>\n
Earlier this month, the U.S. Environmental Protection Agency (EPA) identified the Volkswagen Group’s 3.0-liter V6 diesel engines of also violating emissions laws. Volkswagen denies, however that these engines, which were most prevalent in Audi models in the States, were fitted with emissions-cheating “defeat devices.”<\/p>\n
Despite that, the very next day, VW admitted at least 800,000 additional European models \u2014 separate from the 11 million previously recognized \u2014 are guilty of emissions “irregularities.”<\/p>\n
The Group estimates these additionally identified vehicles will cost it $2.19 billion. Though it didn’t indicate where that figure came from, it’s likely its a combination of fines, lawsuits and recalls.<\/p>\n
Previously, Volkswagen had announced it was setting aside $7.3 billion in order to cover the fallout from dieselgate. Since things have escalated quickly and now Automotive News is reporting the group is seeking a short-term $2.15 billion loan from several banks.<\/p>\n
The company has said it doesn’t need the money but will use it as a cushion. Whatever the reason, the loan and the newly opened Audi criminal investigation indicates the scandal is far from over.<\/p>\n
–<\/p>\n
Source: Mashable<\/p>\n","protected":false},"excerpt":{"rendered":"
Volkswagen isn’t the only company under fire for dieselgate. Now Audi \u2014 the Volkswagen Group’s luxury brand \u2014 is under scrutiny, too. Specifically, German prosecutors have opened a criminal investigation into the high-end carmaker in its hometown of Ingolstadt. According to Bloomberg, investigators are specifically looking for individuals responsible for the VW Group’s emissions-cheating software […]<\/p>\n","protected":false},"author":24,"featured_media":166955,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":[],"footnotes":""},"categories":[],"tags":[18,14],"class_list":["post-166953","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-dr-akwasi-osei","tag-papa-owusu-ankomah"],"_links":{"self":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/166953","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=166953"}],"version-history":[{"count":0,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/166953\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/media\/166955"}],"wp:attachment":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=166953"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=166953"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=166953"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}