Company news: Volkswagen AG (VOW3) in October, may reach a “final” settlement with the US authorities the issue of elimination of violations in vehicles with diesel engines with large displacement



According to Reuters, Volkswagen AG (VOW3) in October, may reach a “final” settlement with the US authorities the issue of the situation of defective equipment installed on the cars equipped with engines with large displacement.

As has informed Agency the head of sales and marketing at Audi Voggenreiter Dietmar (Dietmar Voggenreiter), discussions related to the VW and Audi with a 3-liter engines, are making good progress.

“We had fruitful discussions with the US authorities,” said Mr. Voggenreiter. “Hopefully, in October, at the latest in early November, we will sign a final agreement with the United States.”

The scandal of the world scale, called “deselect”, have caused damage to the reputation and business of Volkswagen and has already cost the German automaker billions of dollars, without accounting for the settlement of the issue with the defective equipment installed on cars with engines of large displacement.

“Diesel scandal, which has affected about 11 million vehicles worldwide continues to impact on the profits of VW and Audi. At the end of June the group has already agreed with US regulators the terms of the settlement of various claims in the VW scandal, which involves the payment of a total of $15.3 billion But the agreement does not apply to 80 thousand cars VW, Audi and Porsche, equipped with 3-liter engines, which redemption the company may be worth billions.

“We are still in the process of discussion, so I can’t judge how the authorities will evaluate our technical solution; but I think we offer a good technical solution,” said Voggenreiter.

Shares VOW3 rose to the level of 125.60 Euro (+0.64%).




Company news: Volkswagen AG (VOW3) in October, may reach a “final” settlement with the US authorities the issue of elimination of violations in vehicles with diesel engines with large displacement 31.08.2016

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