Monday, July 4, 2016

Volkswagen could not afford compensation as the US – Teletrece

The executive director of the German automaker Volkswagen (VW), Matthias Müller, warned of drastic consequences of the company if it is forced to compensate customers in Europe and the US, in a published statement on Sunday Sunday Welt am Sonntag.

As the successor to Martin Winterkorn , who was forced to resign after uncovering the scandal of manipulation of diesel engines about 11 million cars worldwide, 8.5 million of them in Europe, VW has reserved 16,200 million so far to solve the crisis and continues to have solid finances.

” However, must not be a mathematician to know that a payment of compensation (such) spill over to VW “, explained.

the last week, the largest automaker in Europe has reached an agreement with the US authorities and the applicants that will cost up to 15,000 million euros for the German group.

the corresponding package plans to repurchase the vehicles, and the payment of compensation and fines. Customers of VW in the US will receive at least $ 5,100 (4,600 euros) in compensation. In addition, vehicle owners may decide whether they prefer that VW buy back their car or fix it.

in the United States there are about 500,000 cars affected by the scandal of manipulation, a total of eleven million, of which 2.4 million are in Germany. The scandal plunged VW in a serious crisis and in 2015 recorded the biggest losses in its history.

In the interview, Müller again rejected compensation as the United States and recalled that in that country emission limits are noticeably tighter, complicating modify the cars to comply with them.

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