“VW is leav­ing us all speech­less.”

Finweek English Edition - - THE WEEK -

Arndt Ellinghorst of bank­ing ad­vi­sory firm Ever­core ISI in an in­ter­view with Reuters, af­ter the Ger­man car­maker an­nounced that it had un­der­stated the fuel con­sump­tion of 800 000 cars sold in Europe. Volk­swa­gen (VW) is al­ready un­der fire af­ter it came to light that the soft­ware on up to 11m diesel ve­hi­cles vastly un­der­stated their ac­tual car­bon diox­ide emis­sions. US en­vi­ron­men­tal reg­u­la­tors said on 2 Novem­ber that sim­i­lar “cheat de­vices” were in­stalled on en­gines used in Porsche and Audi ve­hi­cles, a claim VW has de­nied, Reuters re­ported.

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