Matthias Mueller: VW will not replicate US diesel settlement in Europe
In a recent report, German newspaper Welt am Sonntag has revealed that Volkswagen CEO Matthias Mueller has made it clear that the historic $15 billion settlement of the automaker’s diesel-emission scandal in the US will not be replicated in Europe.
According to the report, Mueller said that VW has no intentions of compensating European customers affected by the diesel emissions scandal along the lines of the $15 billion settlement deal to compensate 500,000 US customers.
Asserting that the replication of the US diesel settlement in Europe would be inappropriate as well as unaffordable, Mueller told Welt am Sonntag: "We have a different situation here (in Europe)."
Highlighting the fact that the US laws are different from European laws, Mueller said that VW would suffer potentially irreparable financial damage in case it is forced to offer its European customers the same level of compensation as its US customers.
The statement by Mueller came close on the heels of a last-week call by Europe's Industry Commissioner Elzbieta Bienkowska to VW to compensate the nearly nine million European owners of its diesel-powered cars in the same way as their US counterparts. Bienkowska said that it would not be fair for European owners of VW scandal-hit diesel vehicles to be treated differently from US customers just because of a different legal system.
Texas health officials are struggling to cope with...Read More
Samsung’s Galaxy S8 and S8 Plus smartphones are...Read More
A series of new tests conducted on lab mice has...Read More
The Los Angeles Police Department (LAPD) will be...Read More
Software giant Microsoft Corp. is reportedly...Read More
Microsoft recently opened up Windows 10 resources...Read More