Volkwagen Finds No Illegal Changes in Carbon-Dioxide Probe
- VW no longer faces 2 billion euros in damages from CO2 issue
- Volkswagen to have CO2 data remeasured on nine VW variants
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Volkswagen AG all but eliminated one front in the pollution scandal that has plagued the carmaker for nearly three months, after the company’s suspicions of illegal discrepancies in carbon-dioxide emissions proved unfounded.
Only “slight deviations” were found in a fraction of the 800,000 cars involved in the CO2 investigation, the Wolfsburg, Germany-based company said in a statement Wednesday. While there may be a “minor economic impact” from the issue, Volkswagen said it no longer faces potential damages of as much as 2 billion euros ($2.2 billion). The shares closed up 6.2 percent, the most since Nov. 30, to 131.75 euros in Frankfurt.