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VW Frets That Trump Victory May Delay Diesel Settlements
Volkswagen AG CEO Matthias Mueller worries that yesterday's election of Donald Trump as the 45th president of the U.S. could have "negative consequences" on the carmaker's efforts to resolve its diesel cheating scandal.
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Volkswagen AG CEO Matthias Mueller worries that yesterday's election of Donald Trump as the 45th president of the U.S. could have "negative consequences" on the carmaker's efforts to resolve its diesel cheating scandal. Trump will take office on Jan. 20.
The company has already agreed to a $14.7 billion (€13.4 billion) settlement covering 475,000 vehicles powered by 4-cylinder diesels fitted with software designed to manipulate emission tests.
Mueller tells a conference in Munich that VW also is close to a consent decree covering another 80,000 cars and SUVs equipped with V-6 diesels also rigged to evade the tests. But that deal requires signoff by the U.S. Dept. of Justice, which will get a new chief under the Trump administration who could order a review of the agreement.
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