Saturday, 30 September 2017

Volkswagen diesel emissions fixing bill hits $30bn,



The diesel emissions cheating scandal will cost Volkswagen an extra $3bn (€2.5bn), because engines are proving "far more technically complex and time consuming" to adapt the company said.

 
The additional cost, for fixing engines in the United States, takes the total bill to $30bn.


Two years after the problems first emerged, Volkswagen is still struggling to put the crisis behind it.
Separately Munich prosecutors made an arrest in connection with the scandal.


German media reports have named the person taken into custody as Wolfgang Hatz, former board member at VW unit Porsche. However there has been no official confirmation of his identity.
Mr Hatz was head of Research and Development at VW-owned Porsche and had held other roles in the VW group, including in engine development at Audi. He was suspended after the diesel emissions test-cheating was exposed. He then left the company.




BBC     News.