Volkswagen shares surge on CO2 all-clear

Volkswagen shares climbed yesterday as it all but eliminated one front in the pollution scandal that has plagued the car maker for nearly three months, after the company’s suspicions of illegal discrepancies in carbon-dioxide emissions proved unfounded.

Only “slight deviations” were found in a fraction of the 800,000 cars involved in the CO2 investigation, the Wolfsburg-based company said yesterday.

While there may be a “minor economic impact” from the issue, Volkswagen said it no longer faces potential damages of as much as €2 billion.