Five senior members of Volkswagen’s supervisory board are meeting Wednesday to discuss the future for the automaker after stock prices have plummeted and the company has publicly acknowledged it cheated worldwide emissions tests, the BBC reported.

The smaller Wednesday meeting is ahead of a regularly scheduled full board meeting Friday, where members are expected to discuss the contract extension to 2018 for CEO Martin Winterkorn. According to reports, Winterkorn’s future may be decided before Friday’s meeting.

Winterkorn issued a video statement in German on Tuesday apologizing for the scandal, but stopped short from resigning from the top VW post. The German newspaper Der Tagesspiegel reported that Winterkorn would be replaced this week.

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What remarkable times these are. A week ago, a Volkswagen diesel was a sensible choice for a reliable, fuel efficient family vehicle. Now, those same cars make their owners pariahs in the green car community.

The devils’ advocate in me tells me to embrace the newfound hatred for VW — and diesels in general. After all, I live in an area without emissions regulations. Sadly, there are plenty of brodozers around here, rolling coal between suburban roundabouts. Let’s combine the two. Here’s a Braudozer!

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Many in the Volkswagen diesel community are fanatical about their fuel economy and are understandably angry that a fix for the current emissions scandal may see them lose fuel economy in order to lower NOx output. The aftermarket community has provided modifications for the DPF and Adblue systems in the past, meaning there’s good chance they’ll provide parts and tuning to revert any changes Volkswagen may implement on the affected models.

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In all reality, Volkswagen probably won’t pay $37,500 for each car that cheated its way through U.S. emissions standards, but the German automaker will probably pay thousands for each car to fit a device that would clean up their acts.

The presumed fix would come by retrofitting a Selective Catalytic Reduction (Adblue or urea) system although that wouldn’t be the only fix necessary. Researchers discovered that the Passat TDI that they tested, fitted with the SCR system, was 5 to 20 times over the NO limit — less than the 10 to 40 times by the lean NO filter cars, but still illegal.

The long list of items needed to fit models of the Volkswagen Golf, Jetta, Beetle and Audi A3 doesn’t include the engineering needed to retrofit the cars and the costs to crash test the models after the significant modifications. That’ll add hundreds of millions to the bottom line.

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Until now, the EPA’s investigation into NOx emissions has centered around Volkswagen’s four-cylinder diesel engines equipped in the Jetta, Golf, Golf/Jetta SportWagen, Beetle Coupe/Convertible, Passat and Audi A3. The EPA is now investigating the larger 3.0-liter diesel, used by Volkswagen, Audi, and Porsche, to see if it is compliant or affected by the same “defeat device”, says David Shepardson of the Detroit News.

The larger diesel mill is used in the Touareg, Audi A6/A7/A8/Q7, and Porsche Cayenne.

More as we have it.

Volkswagen announced Tuesday that it “plans to set aside a provision of some 6.5 billion EUR ($7.3 billion) recognized in the profit and loss statement in the third quarter of the current fiscal year,” but that the final number is subject to change as the emissions scandal unravels.

The automaker has also admitted that the software, which includes a “defeat device” to hide on-road NOx emissions, has been used on 11 million vehicles sold worldwide.

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The investigation that Volkswagen installed illegal “defeat devices” on its cars to cheat emissions tests will reach the U.S. Department of Justice, Bloomberg (via Automotive News) reported.

Sources within the department said they would investigate the automaker, but no details were given.

The Justice Department recently suspended prosecution of General Motors for covering up a faulty ignition switch that was linked to 124 deaths. It’s unclear what, if any charges, could be brought against Volkswagen for the illegal emissions, however the Justice Department charged GM with wire fraud violations in conjunction with its ignition switch coverup. (Read More…)

Volkswagen in Canada will suspend sales of its Volkswagen Passat, Golf, Jetta, Beetle and Audi A3 cars after the U.S. Environmental Protection Agency announced the engines in those cars had an illegal device that “cheated” emissions tests.

“We will work with our colleagues at Volkswagen of America as well as our parent company in Germany to resolve this matter in the most timely fashion,” Volkswagen Canada spokesman Thomas Tetzlaff said in a statement.

Audi Canada has also issued a stop-sale of the Audi A3 TDI, stated Audi Canada spokesman Cort Nielson. No details were available regarding Audi’s plan for continued availability of the A3 TDI.

VW hasn’t announced a timeline for fixing its cars and resuming sales. Over the weekend, VW’s CEO Martin Winterkorn apologized for the scandal.

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More than $17 billion has been erased Monday from Volkswagen’s value in shareholders’ eyes as the company awaits more fallout from news that the company cheated through emissions tests.

Volkswagen’s stock dropped more than 20 percent Monday after the German automaker announced it would stop sales of its diesel cars on Sunday. New CEO Martin Winterkorn issued a statement Sunday to apologize:

I personally am deeply sorry that we have broken the trust of our customers and the public. We will cooperate fully with the responsible agencies, with transparency and urgency, to clearly, openly, and completely establish all of the facts of this case. Volkswagen has ordered an external investigation of this matter.

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Back in July, TTAC reader Stephen told us that his recently ordered 2016 Audi A3 TDI was sitting at port for an unknown reason and his dealer and Audi couldn’t give him much of a reason why.

“(The cars) are being held at the port as they have not been cleared by Quality and Logistics to be released for port processing yet,” a distribution advocate for Audi wrote in July.

As weeks wore on, Stephen alerted us to the varied responses he received from Audi, which ranged from “quality review” to “government certification.” We reached out to Audi on his behalf and heard from a spokesman that the cars were sitting at port awaiting a certificate of compliance from the Environmental Protection Agency, despite being identical to 2015 models that had already been certified.  (Read More…)

This is hardly the most severe fallout from Volkswagen admitting that it installed “defeat devices” on some of its diesel models to help pass emission tests, but it’s the first of many.

Consumer Reports announced Friday that it was stripping the models of its “recommended” rating until recall repair work was complete on those cars. The publication had bestowed the ratings on Volkswagen’s Jetta TDI and Passat TDI models.

On Friday, the Environmental Protection Agency said it would force VW to recall nearly 500,000 diesel cars for the illegal “defeat device” that could detect when it was being tested for emissions and reduce nitrogen oxide emissions by 10 to 40 times beyond its normal operations. The EPA could fine VW up to $37,500 for each car that violates its standards, which could tally up to $18 billion in fines.

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Hyundai’s compact model, the Elantra, will arrive with the brand’s newly adopted trapezoidal grille, new engines and a number of enhancements to improve perceived quality.

The automaker, who looked at the Dodge Dart and said, “Yeah, that looks good but needs more grille,” revealed the sixth-generation Elantra on Wednesday in South Korea.

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Renault has released their latest global pickup concept, the Alaskan, and by global they mean almost everywhere except Alaska.

Go figure.

Regardless, the Alaskan looks like a beefed-up version of the Hyundai Santa Cruz pickup concept revealed in Detroit. Renault said the Alaskan is part of a new global push for their LCV business. We bet Mercedes will have something to say about this very soon.

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Cadillac CEO Johan de Nysschen said future Cadillac cars in the U.S. will have diesel powertrains, Automotive News is reporting (via Autoblog).

De Nysschen told journalists that oil burners would make their way to the States after they’re launched in Europe, presumably around 2019. He said engineers at Cadillac were working on 4- and 6-cylinder models, but wouldn’t specify what cars those engines would power.

Audi, BMW and Mercedes offer diesel power plants in their compact or mid-size sedans that would compete with the theoretical Cadillac.

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When the 2016 Chevrolet Colorado and GMC Canyon start arriving at dealer lots this fall, they’ll be sporting more than an additional diesel option under the hood. Monroney stickers will be afflicted with much higher prices to the tune of $3,730 more than an equally equipped V-6 model.

However, you will get increased towing capability thanks to a standard towing package, improved fuel efficiency, and a diesel engine brake to minimize wear on brake components.

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