Wednesday, April 20, 2016

Exhaust scandal: Volkswagen agrees with US authorities – THE WORLD

In the exhaust affair, the Volkswagen Group and the US Department of Justice and the comprehensive EPA and CARB have and the competent authorities of the Federal States apparently agreed on a settlement.

As the “world” learned from negotiating parties, the agreement paper can on Thursday afternoon German time the competent US judge Charles Breyer presented at court in San Francisco. This avoids that Breyer “Diesel Gate” as threatened in the case opened in the summer of a process. The ultimatum of the judge for an agreement would have expired on Thursday afternoon at 17 o’clock.

Photo: AP US judge Charles Breyer

reportedly from negotiating circles, has been fought to the end to the comparison. Unlike initially expected, but presented no detailed plan for the conversion of up to 600,000 cars with the agreement in principle, which are affected by the exhaust manipulation of the VW Group in the US.

and the penalties and remedial measures are not covered by the agreement in detail. “It is, rather, a kind of framework paper, in which the main line is set for the coming months and will continue working on the” says a process participants.

details are therefore not yet been notified by the court hearing in San Francisco. “Everyone involved in this case have agreed not to disclose,” it said. As the “world” but found out it is clear that each US holder of a car in the VW Group, which is equipped with an offending software, $ 5,000 should receive compensation. Separately, must Volkswagen the cost of adapting the respective cars carry.

The Settlement provides broadly that the VW group most of the equipped with the cheat software cars so umrüstet that they meet the legal requirements. A smaller part will have to buy back the Wolfsburg because retrofitting is not too costly or technically possible. Given the car company <"p7" class = "prefix_1 text artContent" p id => All have to pay a heavy fine and undertake to finance environmental protection measures, in particular for air pollution control.

that will cost Volkswagen billion. Nevertheless, Wolfsburg should be happy that a framework for loads of diesel gate in the US has been plugged. The Group must bear the cost can be roughly estimated, to make appropriate provisions for, 2015. Otherwise he could not on Friday as planned to present the financial results for the past year – and even that is already later than originally planned. Less than a week later, stands at the annual accounts press conference.

Christopher Rother, the German partner of the US star attorney Michael Hausfeld, however, made clear that a comparison in the US only one piece of the puzzle in the work-up of the exhaust affair could be. “We have here in Europe millions of affected cars. And we will make the arrangements for US customers to scale for compensation from German VW-owners.” The firm Hausfeld is one of the representatives of the plaintiffs in the collection process against Volkswagen in the US. Hausfeld had announced to enforce the demands of German customers. “What concerned entitled in the United States, and the customer needs in this country is entitled,” Rother said. After the US thus rolled out in Germany a cost avalanche on VW to.

German companies in United States continues to successfully

              Despite the scandal at VW to manipulated exhaust values ​​the business of major German corporations are going very well overseas. The results of a study of the German American Chamber of Commerce GACC Source:. The World

“21.520102651839″

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