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FedEx CEO says we are in the middle of the biggest supply chain shift he’s seen in 35 years: ‘We are the referendum’

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U.S. companies have finally gotten $71 billion in tariff refunds, but they’re using it to offset inflation caused by the Iran war

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Buffett says AI giants are ‘playing a game they don’t want to play’ in the AI race, reveals he was behind Berkshire’s $31 billion bet on Google
Volkswagen

Volkswagen says even more cars could have cheating software

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Victor Luckerson
Victor Luckerson
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By
Victor Luckerson
Victor Luckerson
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October 22, 2015, 3:03 PM ET
Volkswagen Group Delivers Over 9 Million Vehicles In 2012
BERLIN, GERMANY - JANUARY 14: Visitors look at VW cars at a Volkswagen Group showroom on January 14, 2013 in Berlin, Germany. Volkswagen Group, which includes the VW, Audi, Porsche, Skoda, SEAT, Bentley and Bugatti brands, delivered a record 9.07 million cars to customers in 2012. Rising sales in the Americas and Asia helped to offset a drop in sales in western Europe. (Photo by Sean Gallup/Getty Images)Photograph by Sean Gallup — Getty Images
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Another engine line made by Volkswagen may have included software to cheat on emissions tests, the company disclosed Thursday.

The automaker is investigating whether the diesel motor line known as EA 288, which is used on popular VW vehicles like the Golf, also included a “defeat device” that allowed it change its pollution emissions during tests with regulators.

Another VW engine called EA 189 is the one that has already been reported by the EPA and is equipped in more than 11 million vehicles. The EA 288 itself may also be in millions of cars, according to the New York Times.

The investigation could lead to even more financial and reputational damage for Volkswagen, which is already planning to recall 8.5 million vehicles in Europe and about half a million in the United States. New CEO Matthias Muller recently said the company’s costs related to the scandal may exceed the $7.4 billion it has already set aside for recalls.

So far VW has suspended five executives for their roles in the cheating scandal, and CEO Martin Winterkorn also resigned.

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