Volkswagen

EIB might Recall Loan after Emission Scandal Affected Volkswagen’s Operations Worldwide

EIB might Recall Loan after Emission Scandal Affected Volkswagen’s Operations Wo

Volkswagen AG said it will recall 1,950 diesel vehicles in China to correct engine software that the automaker has admitted cheated on emissions tests. On the other hand, the European Investment Bank (EIB) said it might recall a loan as the carmaker the scandal still continues to affect the company’s operation across the world.

Volkswagen on Monday said in a statement that the recall will be applied to 1,946 Tiguan sport utility vehicles and four Passat B6 sedans equipped with the four-cylinder Type EA 189 diesel engine.

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Volkswagen, Mazda issue recall of nearly 613,000 vehicles

Volkswagen, Mazda issue recall of nearly 613,000 vehicles

Recent documents filed with the National Highway Traffic Safety Administration (NHTSA) have revealed that nearly 613,000 vehicles are being recalled by automakers Volkswagen and Mazda.

According to the documents, about 420,000 vehicles are being recalled by Volkswagen in the US because of improper deployment of air-bags in case of a crash. The remaining vehicles are being recalled by Mazda due to potential loss of steering power resulting from rust on a front suspension component.

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