Professor Elam

Wed Nov 4, 2015

VW shares dropped again amid revelations that some 800,000 autos had been wrongfully reported on emissions standards.

Or as one of my friends used to say, it's blackest just before things go 

Pitch Black.

The carmaker said Tuesday after the European market close that it found "unexplained inconsistencies" in carbon dioxide emissions in some vehicles. The company found the additional problem as it investigated revelations that up to 11 million of its vehicles had software that allowed them to reduce the amount of nitrogen oxide they emitted during tests.

The company has so far been unable halt the flow of negative surprises since the scandal first became known Sept. 18, when the U.S. Environmental Protection Agency announced Volkswagen had installed software on 482,000 cars that enabled them to cheat on tests for nitrogen oxide. The software would reduce emissions when the car was placed on a test stand, and then allow higher emissions during normal driving.