Exhaust affair – VW represents EUR 16.4 billion back – Germany Funk

exhaust affair VW represents EUR 16.4 billion back

The VW group is for information of the German Press Agency because the exhaust scandal on its balance sheet in 2015 around 16.4 billion euros.

In order for the buffer for the previously estimated costs in accordance with the provisions already made climb to nearly 10 billion euros. The automaker headed for the biggest loss in the history of the group to, it said. In 1993, it had recently been a net loss 1.94 billion marks, ie the equivalent of around one billion euros

In the US, Volkswagen scored with the authorities an agreement in principle.. This provides that the manipulated diesel vehicles will be repurchased or converted. Car owners should also receive compensation. A total of nearly 600,000 cars are affected in the United States.