VW must reappraise the exhaust scandal (Photo: AP)
Wolfsburg 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, around 500 000 cars are from the exhaust manipulations in diesel vehicles affected -. World 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
New trouble comes to VW from the side of a major customer. The Fish Company German Lake is planning a multi-million dollar lawsuit for fraudulent misrepresentation. The SME alleges that the carmaker to have not complied with agreements for joint sustainability projects. The German lake is VW major client and had completely changed over its 450 strong car fleet to VW Group vehicles around six years ago. A VW Group spokesman said on Sunday on request: “Since we have not given such an action, we can to not comment.”
It’s about VW and MAN Nutzfahrzeuge and Volkswagen Passenger Cars and Audi , The agreement had also constitutes work together on practical examples of environmentally friendly logistics. The managing partner of Deutsche See, Egbert Miebach, Deutsche Presse-Agentur said: “We are deeply disappointed by VW and feel put off us and cheated, because the common angedachte partnership has been respected in the field of sustainability only from our side. Talks to change this have been blocked by pages VW. “
Müller leaned again from a required about by consumer protection compensation scheme as in the US for the rest of affected customers. He pointed to a different situation. “The limits are in the United States much more stringent, so that is also retrofitting complicated.” In addition, the participation in a product recall in the US is voluntary -. Unlike, say, in Germany
engines, models and brands in the VW exhaust scandal
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.”
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. In contrast, I am working on. “
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