Since then, the company's stock price has plummeted by more than a third, sales on many of their vehicles have been halted, and CEO of Volkswagen, Martin Winterkorn has begged the public and the media for forgiveness.
"[We are] endlessly sorry that we have disappointed [customers]," he said. "I apologize in every way to our customers, to authorities and the whole public for the wrongdoing."
That wrongdoing has affected up to about 11 million diesel vehicles that had control software installed designed to reduce emissions during the tests but not on the real road. The company has pledged to put aside $9.6 billion for the worldwide recalls and repairs they'll need to do. The vehicles affected are:
- The VW Jetta — model years 2009- 2015.
- The VW Golf — from 2010 - 2015.
- The VW Beetle — from 2013 - 2015.
- The VW Passat — from 2012 - 2015.
- The VW Golf Wagon/Sportwagon — from 2009 - 2015.
Diesel models make up a large percentage of VW's Canadian market due to their high efficiency and lower cost at the pump despite a higher sticker price. Volkswagen is one of the leading manufacturers of consumer diesel vehicles in Canada. Time will tell if they will ever recover from this disgrace.
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