European Volkswagen customers will not receive compensation

By Nell Walker
Following the announcement thatVolkswagen has agreed to a huge settlement in the USfollowing the emissions scandal, the company has confirmed that it wi...

Following the announcement that Volkswagen has agreed to a huge settlement in the US following the emissions scandal, the company has confirmed that it will not make similar compensations in Europe.

Volkswagen CEO Matthias Mueller has rejected the repeated demands of EU regulators, adding that such a settlement would be unaffordable.

According to Reuters, Mueller claimed that VW is now on solid financial footing, but a European deal would be difficult for the company to cope with.

Mueller said: "You don't have to be a mathematician to realize that compensation at arbitrarily high levels would overwhelm Volkswagen.

"In the US the (emission) limits are stricter, which makes the fix more complicated. And taking part in the buyback is voluntary (for customers), which is not the case in Germany, for example."

He has also said that the situations are not comparable, due to the additional costs of needing to offer incentives alongside buying vehicles back.

 

Follow @ManufacturingGL and@NellWalkerMG

Share

Featured Articles

John Shier, Senior Security Advisor at Sophos, on ransomware

John Shier is the Senior Security Advisor at Sophos. Here, he discusses ransomware and the results of Sophos’ ‘State of Ransomware in Manufacturing’ report

How technology has improved Health & Safety in manufacturing

Johann Cilliers, Group Marketing Director at Welding Alloys, explains how technology has improved Health & Safety in the manufacturing industry

Nick Dinges, Replique CTO, explores additive manufacturing

Replique’s CTO Nick Dinges shares his knowledge on 3D printing, how localised production can help supply chains & what the manufacturing sector wants

Hanwha to spend US$2.5bn on US solar manufacturing

Technology

Hexagon invests in Divergent Technologies digital factories

Digital Factory

India’s smart manufacturing electric vehicle future

Smart Manufacturing