Exhaust scandal: “We will have to be patient” – Tagesspiegel

VW’s main plant Wolfsburg, Tuesday morning at 9 am 30. Outside the sun is shining in the cloudless sky, the mood inside acts supercooled. This also changes the Jazz not being played in Halle eleven. It’s staff meeting, the third since the outbreak of the exhaust affair. 20 000 employees are waiting for new signals

The first comes from Group council boss Bernd Osterloh. He fears massive job cuts as a result of exhaust affair. “Should the sustainability of Volkswagen by a penalty in far-off level being seriously jeopardized, it is also dramatic social consequences,” says Osterloh. Of which not only locations in the United States but also in Europe and elsewhere would be affected. Osterloh appealed in the presence of the Group Management Board to the US authorities to have this aspect for sentencing in mind.

A Stafe 46 billion is in the air

Worldwide, Europe’s largest carmaker more than 600 000 people in Germany alone there are around 270 000. Because of the Volkswagen by the US Department of Justice alleged against violations of US environmental laws is a penalty of up to 46 billion dollars in space. The sum is likely to be significantly lower, as suggest earlier cases in the opinion of lawyers, however.

Osterloh advocated, not to restrict the pronounced Volkswagen employee participation. Without solidarity between management and the workforce VW could not cope with the crisis. It now point is to raise the potential of the Group’s brands. Just as the immense burdens could be shouldered from the exhaust scandal

Müller promises Enlightenment

VW CEO Matthias Müller took on the ball. “In spite of the different perspectives that exist in a company naturally there, we know that the will only go together “Müller assumes that the financial impact of the scandal will only be visible in a few years.. “We will have to be patient, persistence and also very frustrating.” The Volkswagen chief went contrary to the illustration, VW was delaying the processing of the diesel affair or cover up something. “We are working relentlessly clarify who is responsible

for what happened.”

The Braunschweig public prosecutor has expanded its investigations in diesel scandal meanwhile expanded. The number of defendants in the investigation had risen to 17, said chief prosecutor Klaus Draw. If it were VW employees, a board member located not less. The prosecution had been conducted six accused.

Because expects further revelations

Lower Saxony Prime Minister Stephen Weil told the VW staff that he expected further revelations. “We will probably be faced with unpleasant news related to diesel Gate ever again this year.” But VW dispose over a strong economic substance.

Unpleasant news reached the group already on Tuesday. Volkswagen threatens now also in Germany high claims for compensation from institutional investors. The Alliance will participate on their asset manager AGI in the coming days on a class action lawsuit against the automaker, told Reuters by a person familiar with the plans person. “That happened this month.” Like other applicants also will argue that VW informed too late about the manipulation of diesel vehicles, thus infringing the obligation to disclose price-moving insights AGI have.

investigations in Paris

the prosecutor’s office in Paris has now launched an investigation against VW for aggravated fraud in the exhaust gas treatment of diesel vehicles. She explained that the affected in France vehicles, said the prosecutor. Prosecutors had begun a preliminary investigation in October and searched offices of VW. The car company had added in 2015, to have manipulated millions nitrogen oxide emissions from diesel cars with an illegal software. Worldwide, approximately eleven million vehicles are affected, in France there are almost 950 000 cars. with dpa and rtr