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"California Board Rejects Volkswagen's Diesel Fix Plan"

"The California Air Resources Board said on Tuesday it rejected Volkswagen AG's (VOWG_p.DE) plan to fix 2.0 liter diesel cars equipped with software that allows them to emit up to 40 times legally allowable pollution.

The state said VW's proposed fix was "incomplete, substantially deficient and falls far short of meeting the legal requirements." It also said the proposal could not be implemented soon enough.

California sent VW a confidential letter offering a detailed explanation of why its proposed solution, or fix, does not work. The state said it will continue its investigation as well as talks with VW."

David Shepardson reports for Reuters January 12, 2016.

Source: Reuters, 01/13/2016