The “dieselgate” emissions scandal refers to reports that first surfaced in 2015 Volkswagen had been caught cheating on emissions tests in the U.S.
German carmakers including BMW, Volkswagen and Mercedes Benz were all trading more than 1.5% lower, while Sweden's Volvo Cars dipped 2.6%.
It comes as the European Union is expected to impose import tariffs on Chinese electric vehicles and after Reuters reported Tuesday that carmakers are facing 1.5 million"dieselgate" lawsuits in Britain that could cost them at least ₤6 billion . The"dieselgate" emissions scandal refers to reports that first surfaced in 2015 Volkswagen had been caught cheating on emissions tests in the U.S.were alleged to have misled customers about some vehicles' compliance with nitrogen oxide emissions standards, the report said, citing claimants' lawyers in London's High Court on Tuesday.
A spokesperson for Ford told CNBC that they see"no merit" in the claims and the carmaker was"robustly defending against them." They added:"Our vehicles and engines meet all applicable emissions requirements."The"dieselgate" emissions scandal refers to reports that first surfaced in 2015 that Volkswagen had been caught cheating on emissions tests in the U.S.
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