Incorrect carbon emissions data could mean thousands of cars benefited from unduly low vehicle excise dutyVolkswagen could gain to repay billions of pounds of tax credits to European governments after finding “irregularities” in the levels of carbon dioxide emitted by its cars.
Shares in the embattled carmaker slumped by 10% on Wednesday,wiping €5bn (£3.5bn) off the value of the company, as analysts warned that the consequences of rigging CO2 and fuel consumption tests could be worse than the initial scandal around diesel emissions tests.
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Source: theguardian.com