More than two months of scandal that pitted the German manufacturer Volkswagen , its shares recorded their biggest gain Tuesday in the month and spun its eighth consecutive session Profit, which could see the company since mid-September when the scandal broke after recognizing the German firm have equipped diesel models in the US with a software that distort emissions data.
quotes the DAX-40 index of the Frankfurt Stock Exchange, the roles of the largest automaker in the world rallied 5.5 percent to 115.90 euros, its biggest gain since 7 October.
company lost 15.4 million euros in market value since the scandal broke in September 18. In eight sessions, Volkswagen achieved a gain of 20.29 percent, accumulating a rise of 5.5 percent in the month.
The shares received a boost after the CEO Matthias Mueller announced that is about to win approval to repair about 70 percent of their diesel engines falsified and resubmit questionable software to other vehicles after US regulators for review, which could facilitate two key problem areas in crisis emissions.
The German automotive regulatory KBA approved a software upgrade for the 2.0-liter diesel engines and agreed in principle to a plan for the 1.6-liter engines, Mueller said Monday about 000 company executives in Wolfsburg, Germany.
Meanwhile, the Audi division of Volkswagen resubmitted to the United States Environmental Protection Agency and California Air Resources Board a revised version of the software.
If the solution to 85,000 cars Audi, Volkswagen and Porsche with 3.0-liter diesel engine this will represent a cost of 50 million euros is approved (53 million for the company). . EPA and CARBserán responsible for reviewing and approving software
Both steps represent progress towards overcoming the scandal of Volkswagen you have three fronts: the trap of software installed on a 11 million vehicles around the world with diesel 1.2, 1.6 and 2.0 liter engines; scores irregular carbon dioxide about 800 thousand vehicles; and questionable software in diesel engines larger in the United States.
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