AGL 37.93 Decreased By ▼ -0.09 (-0.24%)
AIRLINK 212.32 Increased By ▲ 14.96 (7.58%)
BOP 9.74 Increased By ▲ 0.20 (2.1%)
CNERGY 6.43 Increased By ▲ 0.52 (8.8%)
DCL 9.21 Increased By ▲ 0.39 (4.42%)
DFML 37.60 Increased By ▲ 1.86 (5.2%)
DGKC 99.02 Increased By ▲ 2.16 (2.23%)
FCCL 35.90 Increased By ▲ 0.65 (1.84%)
FFBL 88.94 Increased By ▲ 6.64 (8.07%)
FFL 14.28 Increased By ▲ 1.11 (8.43%)
HUBC 130.99 Increased By ▲ 3.44 (2.7%)
HUMNL 13.75 Increased By ▲ 0.25 (1.85%)
KEL 5.53 Increased By ▲ 0.21 (3.95%)
KOSM 7.25 Increased By ▲ 0.25 (3.57%)
MLCF 45.61 Increased By ▲ 0.91 (2.04%)
NBP 61.00 Decreased By ▼ -0.42 (-0.68%)
OGDC 222.85 Increased By ▲ 8.18 (3.81%)
PAEL 41.00 Increased By ▲ 2.21 (5.7%)
PIBTL 8.50 Increased By ▲ 0.25 (3.03%)
PPL 200.00 Increased By ▲ 6.92 (3.58%)
PRL 39.87 Increased By ▲ 1.21 (3.13%)
PTC 27.52 Increased By ▲ 1.72 (6.67%)
SEARL 109.30 Increased By ▲ 5.70 (5.5%)
TELE 8.65 Increased By ▲ 0.35 (4.22%)
TOMCL 36.35 Increased By ▲ 1.35 (3.86%)
TPLP 13.71 Increased By ▲ 0.41 (3.08%)
TREET 24.38 Increased By ▲ 2.22 (10.02%)
TRG 61.15 Increased By ▲ 5.56 (10%)
UNITY 34.15 Increased By ▲ 1.18 (3.58%)
WTL 1.69 Increased By ▲ 0.09 (5.63%)
BR100 12,101 Increased By 374.7 (3.2%)
BR30 37,671 Increased By 1294.1 (3.56%)
KSE100 112,938 Increased By 3425.3 (3.13%)
KSE30 35,670 Increased By 1157 (3.35%)

Volkswagen AG said on Saturday it was suspending sales of some diesel vehicles in Australia that may have been fitted with devices designed to mask the level of emissions. The announcement came after Volkswagen Australia met with the Australian government and consumer authorities on Friday to discuss the automakers' plans to deal with the issue. Almost two weeks after confirming 11 million vehicles around the world had been fitted with so called "defeat devices", the German automaker and subsidiary Audi have not provided details of the models or where they have been sold.
"In its first step, effective immediately (Volkswagen Group Australia) has temporarily suspended the sale of affected vehicles fitted with 1.6 or 2.0-litre EA189 diesel engines," Volkswagen said in a statement. "The suspension will remain until the emission issues are addressed in those vehicles. The Australian Competition and Consumer Commission has launched an enquiry to determine whether consumers have been misled and says Volkswagen will face legal action and millions of dollars in fines if found to have breached consumer laws. In the first seven months of 2015, sales of Volkswagen vehicles jumped 13 percent from a year earlier to almost 37,000, accounting for about 6 percent of the Australian market, according to private consultancy PPB Advisory.

Copyright Reuters, 2015

Comments

Comments are closed.