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6.7 billion euro provisions sufficient to cover repairs: Volkswagen

CEO Mueller also said it plans to propose to the US EPA a new catalytic converter system to be fitted in 4,30,000 rigged cars

Volkswagen

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Reuters Berlin
Volkswagen does not expect additional costs from fixing US cars capable of cheating diesel emissions tests, Chief Executive Matthias Mueller said on Monday.

"We have prepared 6.7 billion euros ($7.28 billion) for the repair process of all the cars globally. We suppose that that should be enough," Mueller said in an interview with Reuters TV at the Detroit auto show.

Mueller had said on Sunday that VW would propose to the U.S. Environmental Protection Agency (EPA) a new catalytic converter system that VW says could be fitted to about 430,000 rigged U.S. cars.

He told Reuters TV he was "confident" about sales prospects for the VW group this year despite "difficult" conditions in markets.
 

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First Published: Jan 12 2016 | 1:55 AM IST

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