VW’s Diesel Dupe Now Spreads Far and Wide

Just as Volkswagen AG appeared to be getting a grip on the six-week-old scandal, the embattled carmaker’s crisis deepened amid new revelations that it misrepresented the performance of its vehicles. The German manufacturer’s stock tumbled as much as 11 percent, extending VW’s losses from emissions cheating, which until this week was isolated to a specific type of diesel engine. Volkswagen said late Tuesday that an internal probe showed 800,000 cars had “unexplained inconsistencies” concerning their output of carbon-dioxide, a key measure of fuel efficiency and the basis for taxation and emissions regulation in Europe. The affected vehicles include gasoline-powered models for the first time.

StanChart's Brice Sees Shale Oil Costs Increasing
37:01 - Standard Chartered Bank Chief Investment Strategist Steve Brice discusses the price and production of oil. He speaks on "Bloomberg Markets: Middle East." (Source: Bloomberg)
  • StanChart's Brice Sees Equity Markets on the Soft Side
  • India Is Poised for a Record Year of IPOs
  • Oil Search's Botten Says Balance Sheet Is Really Strong