Matthias Müller, CEO of the German group, has come to admit that the Volkswagen Group will have to face “substantial financial damage” due to fraud detected in the US for half a year in emissions from diesel engines and that this scandal will keep the company occupied “for a long period.”
In a meeting with the officials, the president said it will take years to realize all the financial implications of the case. These statements come at a time when it is known that German prosecutors are widening their investigation. Prosecutors in Brunswick, Germany, are now investigating 17 employees, 11 more than before.
Also this week and in the United States, Volkswagen was ordered by the US Department of Justice supported a law on bank fraud. The US justice process allows Volkswagen to 46 billion (approximately EUR 42 billion) for violations of environmental laws. It’s still not provided any technical solution to the half a million cars affected in that country, after the first proposal regulator lead.
In fact, the need to know the extent of the damage on the results of 2015 led to Volkswagen AG to postpone the presentation for April 28. At that time, a strengthening of the proposed budget may be announced to address the whole process costs. – Between repairs, lawsuits of customers and authorities, potential damages and fines
Remember that the German manufacturer is facing investigations in the world, after admitting in September last year, have installed “software” handler emissions of nitrogen oxide (NOx) by 11 million cars diesel.
No comments:
Post a Comment