Emissions scandal is still eating away at Volkswagen’s market share
Berlin — Volkswagen lost market share in Europe for the 14th straight month since the emissions-cheating scandal erupted in September 2015, as competitors took advantage of the German automaker’s tarnished image to attract buyers. Volkswagen accounted for 24.9% of the region’s car sales in October, compared with 25.3% a year earlier, the Brussels-based European Automobile Manufacturers’ Association (ACEA) said in a statement on Thursday. Industrywide European registrations slipped 0.3% last month to 1.14-million vehicles, burdened by one less selling day. Volkswagen under performed with a 1.8% decrease across the group’s brands. While Europe’s biggest carmaker has made strides in emerging from the crisis, Volkswagen still faces criminal investigations and hundreds of investor lawsuits after admitting to rigging diesel cars to cheat on emissions tests. The revelations harmed the company’s reputation for quality, helping Fiat Chrysler Automobiles, Daimler and BMW gain an advantage. Vo...
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