3:56 pm, October 29, 2015
VOLKSWAGEN will have to address the ‘full financial implications’ of this year’s emissions crisis for owners of its cars, it was stated in Parliament today.
And this could include making up any shortfalls in resale values because of the issue, it was suggested.
During a House of Commons exchange during which the German manufacturer was accused of ‘acting disgracefully’ over the issue, Transport Secretary Patrick McLoughlin said the company would have to live up to people’s expectations in terms of its reaction to the fallout from the crisis.
Jim Shannon, the DUP MP for Strangford, asked Mr McLoughlin whether ‘the full financial implications’ should be ‘given to the feet of Volkswagen and Audi’.
Mr McLoughlin replied that that would be ‘one of the issues which I think Volkswagen will have to address in due course’.
The exchange between the two came after the Labour MP for Halifax, Holly Lynch, said that although VW’s new CEO had indicated that all affected vehicles would be fixed by the end of next year, the company’s UK MD, Paul Willis, had said that might not be deliverable.
Meanwhile, the EU has agreed to introduce tougher emissions tests for diesel cars, which will more closely resemble real road conditions.
Mr McLoughlin told MPs the current differences between lab tests and real-world emissions were unacceptable.
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