Volkswagen Admits 'Defeat Device' On 11 Million Engines Worldwide, Sets Aside $7.2B

Things just went from catastrophic to apocalyptic as Volkswagen just admitted that the emission test cheating engine management software at the center of the Dieselgate controversy is installed in 11 million Volkswagen Group cars worldwide. They also say they’ll set aside $7.2 billion in just the third quarter to… »9/22/15 7:30am9/22/15 7:30am

Your Guide To Dieselgate: Volkswagen's Diesel Cheating Catastrophe 

Yes, it’s a catastrophe. There’s no other way to describe the allegations from the Environmental Protection Agency that Volkswagen cheated on their emissions tests with nearly half a million TDI diesel cars. What’s at stake here? Potentially billions in fines, criminal prosecutions, VW’s reputation, and maybe even the… »9/21/15 10:05am9/21/15 10:05am