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This Article is From Jan 27, 2016

Germany Approves Scandal-Hit Volkswagen's Recall Plan For 2.0-Litre Cars

Germany Approves Scandal-Hit Volkswagen's Recall Plan For 2.0-Litre Cars
US authorities have also rejected VW's first proposals to fix affected 2.0 litre cars.
Berlin, Germany: German authorities on Wednesday gave the green light to a plan by scandal-hit Volkswagen to recall thousands of vehicles fitted with devices designed to cheat pollution tests.

The Federal Transport Authority said Volkswagen can "now start recalling and refitting" 2.0-litre Amarok models hit by the scandal.

It added that it was still examining VW's proposals for other models.

VW slumped into a scandal of global proportions after it admitted in September that it had fitted 11 million diesel engines worldwide with devices aimed at cheating emissions tests.

It is under investigation in several countries including the United States where authorities first uncovered the scam and have now filed a lawsuit against VW.

US authorities have also rejected VW's first proposals to fix affected 2.0 litre cars.

Besides facing billions in potential fines, the scandal has also hit VW's shares hard -- wiping out nearly 40 per cent in market capitalisation since September even if they have come off their lows since then.

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