Investing.com - The number of cars whose carbon emissions Volkswagen (DE:VOWG_p) understated is far fewer than feared, it said on Wednesday, providing some relief for the automaker as it battles a wider diesel-emissions scandal affecting 11 million cars worldwide.
Volkswagen said only about 36,000 vehicles were affected, far fewer than the 800,000 for which it said last month it had understated CO2 emissions and consequently their fuel usage.
Shares in Volkswagen were up 7.4% by 10.11 A.M. Eastern Time.
The crisis at Europe's largest automaker initially centred on software in diesel cars for which VW admitted it had understated their real emissions of nitrogen oxide.
On November 3rd, VW said it had also falsified fuel consumption and CO2 emissions in petrol cars sold mainly in Europe, and was expecting costs of at least 2 billion euros, including compensation payments to customers.