The Traderszone Network

Published in TZ Latest News 9 January, 2016 by The TZ Newswire Staff

Facing U.S. storm, VW set for easier ride in Europe on emissions scandal

BRUSSELS/LONDON (Reuters) – Volkswagen (VOWG_p.DE) is unlikely to face U.S.-style fines in Europe over its emissions scandal because of a softer regulatory regime and its home country Germany’s determination to protect its car industry, EU sources and legal experts say. The carmaker has been embroiled in crisis since last September, when it admitted it had cheated U.S. emissions tests using software known as “defeat devices”. The U.S.

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