VW Emissions Issues Spread to Gasoline Cars
- Company adds about 2 billion euros to possible economic risk
- VW already faced recall for 11 million diesel cars worldwide
VW’s Diesel Dupe Now Spreads Far and Wide
Volkswagen AG said it found faulty emissions readings for the first time in gasoline-powered vehicles, widening a scandal that so far had centered on diesel engines. The shares fell the most in almost five weeks.
Volkswagen said an internal probe showed 800,000 cars had “unexplained inconsistencies” concerning their carbon-dioxide output. The automaker had previously estimated it would need to recall 11 million vehicles worldwide, and it was unclear how much overlap there was between the two tallies. The company said late Tuesday that the new finding could add at least 2 billion euros ($2.2 billion) to the 6.7 billion euros already set aside for repairs. The company’s Porsche unit said it’s halting North American sales of a model criticized by U.S. regulators.