Volkswagen Denies New EPA Allegations Regarding Porsche & Audi Motors That Cheat Emissions Tests

• Scandal continues to hurt Volkswagen AG (ADR) VLKAY as the U.S. Environmental Protection Agency announced on Monday that it is looking at more vehicles that could have cheated air pollution tests.
• Porsche and Audi cars are involved in this round.
• The EPA declared that the company cheated air pollution tests for diesel luxury cars in 2014 through 2016 models.

According to new declarations by the EPA, the Volkswagen emissions scandal might not be limited to smaller diesel engines in Volkswagen cars only. The agency said to be looking into 3.0-liter V6 diesel engines used mainly in large, luxury models like the Porsche Cayenne, plus five Audi models and the VW Touareg.

Apparently, roughly 10,000 vehicles could be equipped with illegal software, the regulators stated.

Related Link: Volkswagen Excess Emissions Will Cause 59 Early Deaths, Study Says

According to Reuters, "On the road, emissions of the smog-causing pollutant nitrogen oxide on the affected high-end vehicles could be nine times higher than allowed, the EPA said."

In response to the allegations, Volkswagen said it had not installed in its 3.0-liter V6 diesel cars any software to alter emissions readings, and assured it would fully cooperate with the Agency to clarify the issue.

Shares of Volkswagen fell 2.88 percent on Monday.

Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.