No compensation on the US model: VW CEO leaves rebuffed German customers – n-tv.de NEWS

 Economy
 

 Sunday 03 July 2016

 
 
 

 
 In order to satisfy customers and authorities in the US, taking Volkswagen billion in the hand. But millions of other VW drivers get nothing. In an interview, the CEO explains why.
 

 
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VW CEO Matthias Mueller has warned of drastic consequences if the carmaker in the exhaust scandal should compensate the customers in Europe on the US model. Volkswagen had been returned EUR 16.2 billion to resolve the crisis and is still solidly financed. “But you have to be a mathematician to realize that compensation payment of any amount would overwhelm even Volkswagen”, Müller said the “Welt am Sonntag”.

In the US, VW had in the last week after months of negotiations reached an agreement with US authorities and applicants. Thus Volkswagen is expected to cost the exhaust affair in the US up to 15 billion dollars. An appropriate package provides buybacks, compensation and punishment. So VW wants US customers (4600 euros) paid with rigged cars at least $ 5,100 compensation. The owners could choose whether VW will buy back or convert their cars. The scheme is not yet final, a judge must still approve.

In the US, by the exhaust gas from diesel vehicles manipulations around 500,000 cars affected – most but eleven million vehicles, of which 2.4 million in Germany. The exhaust scandal had VW plunged into a serious crisis. 2015 recorded the carmaker its biggest loss in the Group’s history.

Müller leaning again a required about by consumer protection compensation scheme as in the United States to the other concerned customer. He pointed to a different situation. “The limits are much more stringent in the US so is also retrofitting complicated.” Also taking part in a product recall in the US is voluntary -. Unlike, say, in Germany

The authorities in the United States expected also that as many vehicle owners convert their cars, Muller told the newspaper. “We will give our customers an incentive to participate in the conversion with the premium in the United States.” This 1: 1 to compare about the situation in Germany, was not possible. “And what would it mean not least economically for our company if we would do that but, I probably do not carry on.”

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The VW CEO also spoke about the new Group strategy. VW wants to expand electromobility massive and also investing billions in new mobility services such as car sharing, and connected cars. The car industry is considering alternative drives and the digital revolution with growing Internet in the vehicle in a profound change.

Mueller said, the industry will only be successful in the future, “if we rejuvenate us.” You must also always be progressive, as in Silicon Valley. “Maybe a little contemporary comfort we Germans are due to the many successes that the country had in the past 50 years, become what then led to risk aversion. That drives me to. However, I am working on.”

  Source: n-tv.de
 

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