VW CEO Mueller confident that automaker will regain customer trust
Volkswagen’s settlement negotiations with the U.S. Department of Justice and the EPA have advanced, according to a report from Reuters, but a deal is unlikely to be reached before the end of March.
The scandal-hit automaker has been in talks with the EPA and the DOJ over the past two months over a settlement that would allow the automaker to proceed with the recall and address its violations of federal law. In a suit filed by the DOJ, the government accused VW of violating provisions of the Clean Air Act through its use of so-called “defeat devices” in models equipped with 2.0-liter and 3.0-liter TDI engines.
Reuters reports that negotiations are dragging on, but its sources indicate VW wants to reach a settlement sooner rather than later.
“We are committed to resolving these matters as quickly as possible,” Robert Giuffra, a lawyer for VW told U.S. District Court Judge Charles Breyer, according to Reuters, adding that VW may offer a more definitive statement in about a month.
EPA suggests VW repent via electric cars
The German paper Welt am Sonntag reports the EPA may ask Volkswagen to build electric cars in the U.S. at its plant in Chattanooga, Tennessee, as part of a …
Earlier this week the German weekly Bild am Sonntag reported U.S. regulators have asked VW to build electric cars in the U.S. in addition to contributing to electric car infrastructre. VW has not commented regarding the negotiations, or any offers that U.S. regulators have made in the settlement negotiations.
The automaker remains unsure of the financial fallout and has delayed a quarterly earnings report as it struggles to put a price on the scandal which involves not only 600,000 cars in the U.S., but approximately 11 million vehicles in dozens of countries.
Still, VW CEO Matthias Mueller indicated earlier this week he expects the automaker to win back customers’ trust.
“We are quite confident that by regaining the trust of our customers, of the public and of our remaining shareholders, we will have a good year 2016,” Mueller told the German news agecy DPA, according to Automotive News Europe. His comments were widely interpreted to only address VW Group’s overall global outlook.
“We will certainly be a loser in the U.S.” Mueller also said during the interview.
The automaker is expected to issue the results of its own internal investigation at the end of April.
Report: VW settlement with U.S. regulators unlikely before end of March
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