Volkswagen says it is doing everything it can to identify the masterminds behind the emissions scam. At the company’s annual news conference, chief executive Matthias Müller said 2016 will be “very challenging.”
The first major court case against Volkswagen in Germany over its cheating in emissions tests involving millions of diesel cars begins Monday. It will examine whether the auto giant should have informed investors sooner.
EU regulators have opened a probe into whether several German carmakers colluded to hold back the roll-out of car emission control systems. It is the latest in a string of investigations into such alleged malpractices.
Chief Executive Oliver Blume has said the sports carmaker will focus on petrol/gasoline, hybrid and all-electric vehicles. Porsche and its parent Volkswagen have seen their image take a beating in the wake of Dieselgate.
The German carmaker has initiated the deepest changes to its management since the diesel emissions scandal of late 2015, replacing its CEO and establishing a corporate structure designed to speed up decision making.
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