But VW did not submit its formal plan at the meeting.
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As the investigation into the Volkswagen “dieselgate” emissions scandal continues, it seems inevitable that the tentacles of law-enforcers will reach beyond the walls of the German carmaker.
It is understood that Bosch provides the engine control module, called EDC17, and basic software for almost all the four-cylinder diesel cars sold in North America, including those produced by VW, BMW and Mercedes.
California has set a November 20 deadline for Volkswagen to come up with a plan to fix the diesel cars affected by its rigging of emissions tests.
The report quotes two unnamed insiders who have revealed, not unexpectedly, that senior Volkswagen management is also in the sights of investigators.
VW’s preference shares, down about a third since the crisis broke, were up 1.5 percent to 107.40 euros at 1355 GMT. Federal authorities are also investigating how deeply the scheme permeated VW’s hierarchy, according to people familiar with the matter.
The problem lies in the way certain auto types with “smaller engines” were certified to meet carbon dioxide emissions standards, the spokesman added.
Volkswagen announced Friday it would slash spending on new projects next year by about $1 billion to offset the costs it will incur to address the emissions cheating scandal, The NY Times reported.
The company didn’t announce plans for development spending, which totaled about 4.4 billion euros a year under its previous budget.
He said construction of a planned new design center in VW’s home town of Wolfsburg was being put on hold, saving about 100 million euros, while the construction of a paint shop in Mexico was under review.
He says “we’re driving cautiously over the coming months, but we know where we want to go and we want to ensure that the Volkswagen company comes out of the current situation strengthened”. The meeting will take place on Friday.
Volkswagen is struggling to cope with the biggest crisis of its history over its admission in September that it had fitted more than 11 million vehicles worldwide with devices created to cheat pollution tests.
Prior to today’s announcement, Volkswagen had more than doubled its annual investment spending since 2008.
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CARB and the U.S. Environmental Protection Agency must approve Volkswagen’s remedies before any recall can start.
