Volkswagen’s Woes Mount, Fraud Office Investigating Misuse of Money

#hashtags: #European Union #Volkswagen #New York Times #European Investment Bank

The European Union’s anti-fraud office is investigating Volkswagen for misusing publicly funded loans to develop illegally cheating software in its cars, the New York Times reported Wednesday. Volkswagen was provided the low-interest loans by the European Investment Bank to develop engines that were more fuel-efficient and produce less carbon dioxide, according to the report. In […]