Following last year’s scandal around VW’s cheating of emissions tests – discovered initially by American researchers – Müller also apologised to the company’s American customers and admitted that the firm must rebuild confidence and trust in the U.S.
Advertisement
VW is investing about US$900 million on producing a new mid- size SUV at its USA factory in Chattanooga, Tennessee, to better meet tastes of American buyers.
Last week, the U.S. Justice Department filed a suit against VW seeking $48 billion in fines for violating U.S. environmental regulations and could face another $20 billion in fines from the U.S. government as well as some state agencies and class action lawsuits from owners.
The underperformance at VW’s largest division by sales and revenue pulled down annual group deliveries by 2% to 9.93 million cars, the first drop in 13 years, VW said.
Volkswagen has proposed catalytic converter fix ahead of crucial meeting with the Environmental Protection Agency (EPA).
The software also known as “defeat devices” turn on pollution controls when the auto is undergoing testing, and off when it is back on the road, thus allowing it to spew out harmful levels of nitrogen oxide. He said that by citing the German Law, Volkswagen remains in denial and is prolonging the efforts of investigators to close the case.
German newspaper Bild am Sontag has revealed in a recently-published story that beleaguered automaker Volkswagen (VW) has devised a catalytic converter that can fix the majority of its diesel vehicles hit by the diesel-emissions scandal a year ago.
The company’s executives are meeting regulators to negotiate this process whilst their engineers are working rapidly on technical solutions.
Once a bestselling brand the world over, Volkswagen, most notably known for its iconic Volkswagen Bug, continues to experience dramatic sales declines due to an emission inspection scandal that surfaced last September.
“I think that the Volkswagen brand is going to prove very resilient”, Kelley Blue Book’s Jack Nerad said.
In a separate German media report, the daily paper Sueddeutsche Zeitung said Volkswagen may buy back a fifth of us diesel cars that contain defeat devices.
Advertisement
If the account holds true, it’s likely older 2-liter diesel models will be the focus of a buyback because the automaker has publicly said older models are more hard to fix.
