billion provisions of VW insufficient http://bit.ly/1oOAuP0
The diesel scandal is likely to be for Volkswagen in the US more expensive than previously expected. The accrued by the car company in the last year 6.7 billion euros would therefore likely to be insufficient, the manager magazine reported in its latest edition (publication date: February 19), citing the business community.
The VW-tip negotiated for months in vain with American environmental authorities on a solution for those affected by the exhaust manipulation 600,000 vehicles. An agreement is not expected before the end of March, reports top managers. The cost of the expected callbacks, buybacks and compensation measures would most probably significantly higher than originally thought.
Volkswagen had admitted in September that the company has sold in the United States hundreds of thousands of cars with engine control manipulated. The software ensures that certain models meet the limit values for emissions of toxic nitrogen oxides to the test. In normal driving conditions, the emissions are, however, well above the allowable values in the United States.
US Environmental Protection Agency is to insist on long-distance test for new VW solution
Worldwide, even up to 11 million Group vehicles are equipped with the offending software. Mainly because of the uncertainty about the cost of the problems in the US Volkswagen had already postponed the originally planned for early March publication of the balance sheet.
therefore Negotiations WOULD CHOOSE currently mainly in the length because the American Environmental Protection Agency insisted on a long-distance test for a proposed VW technical solution manager magazin reported on. VW have developed in collaboration with a supplier catalysts for exhaust gas purification of the oldest affected engine generation, according to Wolfsburg. However, the EPA wants to ensure that the repaired diesel vehicles not after a few years back poisoned the air. Mitte These bench tests were completed at the earliest until the end of March - and before giving the authority no Okay for an overall deal.