Read, Debate: Engage.
https://www.fairplanet.org/editors-pick/vw-cheats-emissions-tests-turns-out-investors-care/
Editors' Picks
.
.
23.Sep
September 23, 2015

VW cheats emissions tests, turns out investors care

editor:Vanessa Ellingham

The world's second-largest car manufacturer has admitted fitting more than 11 million cars with a device that cheats carbon emissions testing.

The number of vehicles affected is more than the number of vehicles Volkswagon makes in one year.

Any doubt that financial investors don't care about a manufacturer's climate responsibility was quickly dashed as VW's share price dropped by a third on Monday, or around 25 billion EUR.

Good news for supporters of fossil fuel divestment campaigns, bad news for VW.

The cars were made to cheat emissions testing by being fitted by a device that recognises when it is being tested and quickly cuts emissions to a level much lower than normal - one it could never sustain under regular driving conditions.

So far VW's Chief Executive has refused to quit, and been forced to face the public amid news reports that he will be succeeded by a new boss this Friday.

.
more picks from our editors
- view all -
21.Sep
September 21, 2015
Same old, same old. But different.
editor:Gurmeet Singh
Déjà vu is the feeling of having experienced something you've never experienced before. Déjà entendu, however, is feeling you've experienced something before - but you're not exactly sure when or where. Well, the [...]
18.Sep
September 18, 2015
Is that the end of the „African spring“?
editor:Ama Lorenz
On Wednesday (16 September 2015), the Presidential Guard (Régiment de Sécurité Présidentielle, RSP) - a holdover from the dictatorship of Blaise [...]
16.Sep
September 16, 2015
Russia offered to have Assad step aside in 2012
editor:Vanessa Ellingham
A senior negotiator has revealed that Russia proposed the removal of Syrian president Bashar al-Assad as part of a peace deal more than three years [...]
.
.
1 | 2