Germany, US will hold talks over VW diesel scandal
US EPA May Also Be Contacted
Dobrindt becomes the latest major figure to try to address the issue, which was spurred by findings that as many as 11 million of Volkswagen's diesel vehicles around the world may contain software programmed to cheat emissions-testing systems. As public officials in many nations call for recalls on oil-burning VWs, the US Federal Trade Commission (FTC) is investigating the automaker's advertising campaign for possible allegations of false advertising. In Germany, the government raided Volkswagen's headquarters in Wolfsburg, Germany, looking for documents that may shed light on who was involved in the automaker's diesel-rigging efforts.
The scandal has already had severe financial consequences. VW said it would set aside $7.3 billion to address the issue, for example. Since the scandal broke last month, VW diesel resale prices have plunged 16 percent, compared to a 2.9 percent decline for gas-powered VWs, according to Kelley Blue Book (KBB). And entities ranging from the Union of Concerned Scientists to Green Car Journal to the American Council for an Energy-Efficient Economy (ACEEE) have either pulled VW diesels from prior lists of "cleanest" vehicles or stripped diesel models sold by either VW or Audi of past awards.
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