Link: Volkswagen’s Cheating Scandal Is Costing Them – $18 Billion USD

This is major, major, major corporate shenanigans:

Late last week, the U.S. Environmental Protection Agency ordered Volkswagen to recall nearly half a million of its vehicles after saying that the German car-maker installed illegal devices intended to cheat emissions testing. The devices made sure that the vehicle’s pollution-control systems was activated during emissions testing, but deactivated them during unmonitored driving—allowing the cars to pollute up to 40 times the legally-allowed amount. The company has since admitted to the deception to regulators (after a year of denying it).

Source: Volkswagen’s Cheating Scandal Is Costing Them – The Atlantic

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