VW wary that Trump election may disrupt settlement talks | Fin24
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VW wary that Trump election may disrupt settlement talks

Nov 09 2016 15:29
Christoph Rauwald and Elisabeth Behrmann

Frankfurt - Volkswagen expressed concern that  Donald Trump’s election as US president could disrupt talks to reach a settlement with US authorities over the German automaker’s cheating on emissions tests for diesel cars.

“I hope the election result won’t have more negative consequences for Volkswagen,” CEO Matthias Mueller said Wednesday at a conference in Munich.

 “I think we’re at a point where a ‘consent decree’ could be reached, but that’s the Department of Justice’s decision, not mine.”

While Volkswagen has agreed to a $14.7bn civil settlement covering 480 000 cars with 2.0-litre diesel engines, the company is still faces criminal penalties and has yet to reach a deal on about 80 000 cars with tainted 3.0-litre motors.

A delay in the talks would prolong the scandal and complicate Volkswagen’s efforts to emerge from the crisis, which erupted in September 2015.

Mueller said talks with US authorities were “constructive” and nearing completion. “We’re now waiting how to continue the good work and bring it to a good conclusion,” he said.

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volkswagen  |  industrial  |  emissions scandal


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