VW CEO hopeful of deal with U.S. authorities by year-end

VW CEO hopeful of deal with U.S. authorities by year-end
 

Volkswagen AG (VOWG_p.DE) Chief Executive Matthias Mueller said on Wednesday he is hopeful the German automaker can reach agreement by the end of the year with the U.S. government on the size of a fine to settle a criminal investigation of the company's alleged violations of U.S. clean air laws.
Mueller, speaking on the sidelines of the Paris auto show, said he also sees “good progress” toward an agreement with U.S. regulators that could allow Volkswagen to repair certain 3.0 litre diesel engines that emit more pollutants than U.S. law allows.
Speculation that the U.S. Justice Department... read more

 
29 September 2016 in Business, Views: 46
Source: Reuters
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