Emissions Scandal Chokes Volkswagen's November Sales
After a surprisingly resilient October, Volkswagen's November sales tumbled as a result of the scandal in which the company skirted emissions tests.By Grant Suneson | December 1, 2015
Still reeling from an emissions scandal, Volkswagen watched its November U.S. sales drop 24 percent compared to the same time last year. On top of that, Standard & Poor's dropped its credit rating from A- to BBB+. (Video via Volkswagen)
In September, Volkswagen's CEO apologized after the EPA revealed some of its vehicles had software that cheated emissions tests while still emitting up to 40 times the legal amount of nitrous oxides. The "defeat devices" were in about 500,000 diesel cars dating back to the 2009 model year.