Arab Today, arab today vw will pay clients tax rap over carbon emissions
Last Updated : GMT 12:34:36
Arab Today, arab today
Arab Today, arab today

VW: Will pay clients tax rap over carbon emissions

Arab Today, arab today

Arab Today, arab today VW: Will pay clients tax rap over carbon emissions

Volkswagen has lost nearly 40% in market
Berlin - AFP

German auto giant Volkswagen will foot the bill for any additional taxes owed by customers who bought its vehicles that pollute more than originally claimed, its chief executive wrote in a letter to EU ministers Friday.

Matthias Mueller's letter came three days after VW revealed that internal probes found that carbon emissions levels for around 800,000 cars have been understated -- an admission that carries serious financial consequences.

This is because tackling CO2 -- a greenhouse gas blamed for climate change -- is becoming a rising priority in many countries, especially in Europe, where cars are often taxed according to their carbon emission levels.

"The Volkswagen Group pledges to take charge of any possible additional taxes," Mueller wrote in the letter seen by AFP.

"Volkswagen will inform tax authorities in all countries of the correct CO2-levels as they become available," he added, urging the authorities to send any bills for any additional levies directly to VW, and "not to our clients".

German Transport Minister Alexander Dobrindt said earlier this week that customers should not have to cough up additional levies because VW deliberately understated the vehicles' CO2 emissions.

The latest revelation is yet another setback for VW, which sank into the deepest scandal in his history over its admission in September that 11 million of its vehicles are equipped with devices aimed at cheating official pollution tests.

The so-called defeat devices switch pollution controls on when the car is undergoing tests and off when it's back on the road, allowing the vehicles to spew out harmful levels of nitrogen oxide.

VW has lost nearly 40 percent in market capitalisation over the scandal which has sparked investigations around the world.

Shares in the company closed down 0.33 percent at 97.18 euros.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today vw will pay clients tax rap over carbon emissions Arab Today, arab today vw will pay clients tax rap over carbon emissions

 



Arab Today, arab today
Arab Today, arab today Saudis await visitors but will they come?

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Blind sheikh buried in Egypt

GMT 06:32 2017 Thursday ,23 February

Blind sheikh buried in Egypt
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success

GMT 05:46 2017 Thursday ,23 February

SABIC net profits fall in 2016

GMT 21:01 2017 Wednesday ,22 February

Saudi Aramco mulls offering citizens discounted shares

GMT 16:50 2017 Wednesday ,22 February

Yahoo salvages Verizon deal

GMT 15:47 2017 Wednesday ,22 February

Airbus faces challenges as it enters new era

GMT 11:47 2017 Wednesday ,22 February

Toshiba skyrockets over 22% on chip unit sale hopes

GMT 11:31 2017 Wednesday ,22 February

Bayer says Monsanto deal on track, eyes record 2017
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Salma Rashid happy for 'A Whisper of Love'

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday