Stock market quotes, forex, financial news, forex tools – money-investing.com

Volkswagen Group got found out: models Porsche Cayenne are being withdrawn from the market

 Breaking News
Volkswagen Group got found out: models Porsche Cayenne are being withdrawn from the market
July 28
09:00 2017

Alexander Dobrindt, Federal Minister of Transport and Digital Infrastructure in Germany gave the reporters unfortunate information. The fact is that a special device and a program were found in the cars of the luxury segment Porsche Cayenne TDI equipped with three-liter diesel engines. The purpose of these additional devices is to bypass environmental tests.

Thus, when measuring harmful emissions, cars showed understated indicators.
According to the results of the investigation, conducted by the Ministry of Transport of the Federal Republic, there was a claim to withdraw about twenty-two thousand cars under the brand Porsche from the European market.

The total volume of vehicles withdrawn from the market amounted to 9% of all cars under the brand Porsche, which were sold in 2016.
Undoubtedly, this news will negatively affect the financial performance of VW Group that owns the company Porsche.

The material was prepared with the participation of Andrey Majorov,
a leading analyst of the brokerage company CT Trade

Related Articles

0 Comments

No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Write a Comment