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Provider: Reuters Investment Profile
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Provider: Reuters Investment Profile

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Volkswagen AG To Recall Cars-Reuters

Monday, 18 Mar 2013 01:02am EDT 

Reuters reported that Volkswagen AG (VW) will recall vehicles in China to fix a gearbox problem after coming under criticism from state-run China Central Television's (CCTV) annual corporate malpractice expose. VW's direct shift gearbox transmission, a long-standing issue for the German automaker, was causing cars to speed up or slow down during driving. After the show Volkswagen promised action, and a spokesman said the firm will recall both locally made and imported cars. Details of the volume and models involved will be released either later on Monday or Tuesday, the spokesman said. 

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