Müller: Volkswagen Recalling European Cars Starting in January

#hashtags: #Volkswagen CEO Matthias #Europe #Automotive News #Frankfurter Allgemeine Zeitung #Volkswagen

Volkswagen CEO Matthias Müller told German authorities that the company would begin recalling cars in Europe in January and that fixes those cars take roughly one year to complete, Automotive News reported. Müller told German newspaper Frankfurter Allgemeine Zeitung that the company found 9.5 million affected cars, not 11 million, that would need to be fixed. Müller didn’t specify what the fixes for cars would be, but said that the company was preparing “thousands” of solutions for its cars that cheated emission tests. Müller said the company would replace cars in certain circumstances. It’s unclear when recalls for the 482,000 cars in the U.S. would start. Müller said most cars would need reprogrammed software, some would need bigger injectors and others could get larger catalytic converters, CNN reported. German authorities mandated Volkswagen present a fix for their cars today. Despite the lack of specifics on how the automaker would fix its cars, German investors responded favorably, boosting Volkswagen’s stock up 8 percent on Wednesday. Volkswagen’s supervisory board was scheduled to meet Wednesday for “crisis talks,” Reuters reported. The board will be looking for evidence on who is responsible for the German automaker’s historic undoing. Müller told FAZ that all options for saving the company were on the table, including selling off brands such as Bugatti to save cash. “We will turn over every stone and look in the well,” Müller said. [Photo credit: Volkswagen AG [CC BY 3.0], via Wikimedia Commons]