(Bloomberg) -- Volkswagen AG will embark on one of the biggestrecalls in European automotive history, affecting 8.5 milliondiesel vehicles, after German authorities threw out the carmaker’sproposal for voluntary repairs.
The Federal Motor Transport Authority, or KBA, demanded a recallof 2.4 million cars in Germany after reviewing proposalsVolkswagen filed last week to fix vehicles fitted with softwaredesigned to cheat on pollution tests, German Transport MinisterAlexander Dobrindt said Thursday in Berlin. The mandatoryrecall is the basis for callbacks throughout Europe, where dieselaccounts for more than half the market.
Germany’s rare public snub of its biggest carmaker came afterVolkswagen circumvented diesel emissions regulations starting in2008. The country’s demands will speed a process that Volkswagensaid will last beyond 2016, and give authorities more control.
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
