They were going to have good fuel economy. They were going to have good Engine Performance. Can you guarantee that any fix you make to the vehicles doesnt affect fuel economy or fuel performance are both . At this time if we correct the knox the emission standards, the customer will get the mpg. Thats my current understanding of whether the full performance of the car, this is something they said in germany, maybe top speed that might be one or two Miles Per Hour might be missing but this is of course something which we will share with the agencies that current understanding is that the customer will keep the miles per gallon. The concern i have is when you buy one of these cars you are relying not on only the Commission Says that the performance is good. I think you get to the issue of damages. In other words, if im an owner and the fix doesnt achieve good performance, good fuel mileage then im going to expect to become a sit in somewhat if thats not the case. I just remain concerned
About before. In may of 2014, independent researchers published a report that identity higher than expected emissions which prompted investigations by the ep epa. When did vw first become aware of this researche. End of april, when it was published. I got it in may, i got information about this. What steps did vw take to evaluate the conclusions of the research at that time. First of all, to acknowledge that emission violations or higher emissions are not legal. Secondly, the engineering departments were supposed to recheck those testing results on our own equipments in order to validate this. And thirdly, to correct this with the respective software actions which have been implemented at the end of last year . Who implemented this, and who was responsible for it . Indeed the Software Applications management are being done in germany at the engine and drive Time Department within the research and development division. Okay. The epa describe a series of presentations or discussions with
And inserted control systems. And we know that during normal road use, the controls were reduced. And the car for producing up to 40 times more nitrogen oxide standards. Owed by we know half a million cars in the u. S. Might be affected by this. Mr. Horn, im glad you came to testify here. While we know all of the things i just talked about, theres a lot more things we do not know. And we need answers for them. For example, volkswagen has not revealed how the device affects the engine. White was installed, and how it was able to evade the tests . You have not revealed when and how the engines equipped will be fixed. Whether the fix will affect fuel economy or performance of the vehicle. You have not revealed what volkswagen told regulators over the last year as epa and the california board were trying to figure out why the emissions were out of compliance. You have not revealed whether the voluntary recalls that volkswagen set in place in 2014 were millemerely a ruse. Were they trying t
They dont have answers about when or how their car will be fixed or what kind of car they will be left with. Earlier this week i visited a volkswagen dealership in denver. I saw the control and equipment on the vehicles firsthand. These cards account from us 25 of the sales at that particular dealership, and a significant percent of sales in colorado and across the country. Now because they cannot sell them, these cards are sitting on the lot. Say, it isrman, you a small percentage of cars on the road in the u. S. , it is a tremendous Economic Impact to the steelers and also to be consumers who dont know what is going to happen to their car. That is the key answer im looking for today. What do we do moving forward. This subcommittee has been here before. In the last 15 years, we have had ford, firestone, gm and more. We were able to get information from all these committees help us understand what happened. Most importantly, we used information to chart a path forward and help consumer
Sara eisen is at the New York Stock Exchange for sue today, but we begin with the big news in Housing Starts jumping, and for a second straight day the storks are up. D. R. Horton up almost 3 today. Toll and others also showing gains. Diana olick is in washington. Tyler, this is a tricky number. It combines both sippingle family Housing Starts and multifamily apartments like this one. So lets break it down, shall we . Singlefamily starts were up 8. 3 and up 10 from a year ago. Multifamily against mostly those apartment rentals, up 33 , month to month up 50 from a year ago. Where . The big construction jump was in the northeast, also in the south, and midwest did take a hit. West is seeing a jump, because theres so many supply, but construction is really booming most in markets where most of the activity is in that multifamily. This is a new report from trulia, new york, boston, houston, northern california, these are directed at young mill lennial getting ready to resident and downsidi