VW CEO confident to reach agreement on fix in US

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Volkswagen is confident it may reach an agreement with US regulators on a technical fix for the affected diesels, vehicle buybacks and fines, CEO Matthias Mueller said at the Geneva Auto Show.

With no approved fix in sight for nearly 600,000 affected cars in the United States, Volkswagen is still confident it will soon reach a deal with the regulators. “In the U.S. we are working intensely with the respective authorities ‎on a sustainable overall solution,” Mueller said this week at the Geneva Auto Show. “We continue to be in constructive talks,” he said, adding that negotiations between both sides will resume on Thursday. Earlier on Monday, Mueller told Reuters TV that he did not believe that US authorities were being too hard on the German carmaker, though they were pushing “very strongly” steps to clear up the scandal.

Also on the subject, a lawyer representing Volkswagen told to a US District Judge at a court hearing in San Francisco last week that the company was making progress in trying to agree on the fix with the US Justice Department, Environmental Protection Agency and California Air Resources Board.

VW is “progressing well” in its efforts to investigate the circumstances of the manipulations and will draw “the right conclusions” from its findings, due to be published in the second half of April, the CEO told reporters. Mueller also said in the interview that Europe’s biggest automaker will succeed in winning back customers’ trust after admitting to the cheating which it has said affects 11 million cars globally. “We have started a lot of customer-relation programs, I’m very convinced it will work very well,” he said.

Via Reuters