Dieselgate costs keep stacking up for VW

Dieselgate costs keep stacking up for VW
 

Trickier fixes and extra buybacks have forced the Volkswagen Group to add another €2.5bn to the red-ink tally in the Dieselgate cheating scandal’s column.

The car maker warned that it would set aside the extra billions to cover buybacks and unanticipated complications in repairing some of the cars.

The admission comes after prosecutors took the group’s former head of powertrain development, Wolfgang Hatz, in for questioning in Munich over the Dieselgate scandal.

The scandal, which broke in September 2015, has so far cost the company €27bn in fines, compensation and repair costs. – BD Motor News