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VW SCANDAL: Muller warns of ‘painful’ cuts

Car Dealer Magazine by Car Dealer Magazine
October 7, 2015
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Home News

THE Volkswagen Group will either scrap or suspend all non-essential projects as it attempts to rebuild following the diesel emissions scandal.

Volkswagen’s new CEO Matthias Muller, addressing 20,000 workers yesterday at a works council meeting in Wolfsburg, said: ‘We will review all planned investments, and what isn’t absolutely vital will be cancelled or delayed. I will be completely clear – this won’t be painless.

‘In addition to the huge financial loss, this crisis is primarily a crisis about a loss of confidence. It affects the core of our company and our identity, our cars, and the essence of the brand: solidity, reliability and credibility.’

According to Autocar, Volkswagen engineers are close to unveiling a technical fix for the emissions ‘cheat’ devices fitted to the EA189 engine. They maintain that some cars will only require a software upgrade, where others will need additional hardware modifications.

Muller continued: ‘Our most important task will be to regain lost confidence with our customers, partners, investors and the general public. The first step in this direction will be a fast and relentless examination and explanation. Only when everything comes to the table, only when things are completely explained, only then will people trust us again.

‘Believe me, I too am impatient. But in this situation, in which we are dealing with four brands and many models, care is more important than speed.

‘The technical solutions to the problems are in sight. By contrast, the business and financial consequences are not yet foreseeable.’

MORE ON VW SCANDAL:

Investigation widened to include other brands

Ford and BMW defend German car industry

UK owners won’t be hit with tax rise

Car supermarket slashes German vehicle prices

Thousands of vehicle sales are halted in UK

Almost 1.2 million vehicles affected in UK

Values ‘marginally affected’ by emissions

700,000 Seat cars fitted with emissions test ‘cheat’ software

Winterkorn facing probe by German prosecutors

Audi reveals more than 2m of its cars worldwide have ‘cheat’ software

Switzerland bans sale of diesel Volkswagens

Carmaker admits diesel scandal affects VW Group vehicles

Confusion among VW dealers

Government was warned about emissions testing

Department for Transport launches emissions investigation

CAP predicts no impact on Volkswagen residual values

Skoda, Seat and Audi dealers braced for bad news

UK businesses hit by ripple effect

Biggest UK lawsuit could be on the cards

VW just tip of the iceberg amid claims tests are open to abuse

Winterkorn resigns

SMMT calls for calm

Audi and VW brand ‘damaged’

Chief executive ‘could lose his job’

VW faces billions in fines

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