Posts Tagged ‘vw senate finance committee’

VW To Begin Diesel Recall in January – if it Gets EPA Nod

by on Oct.07, 2015

New VW CEO Matthias Mueller says the maker faces an "evolution," not a "revolution."

Volkswagen’s new CEO Matthias Mueller hopes to see a recall affecting as many as 11 million of the German maker’s diesel vehicles begin in January – but for the 482,000 of those cars sold in the U.S., VW must still win regulatory approval for the planned retrofit.

Even as Volkswagen moves ahead with plans to fix vehicles equipped with software designed to cheat on emissions tests, its problems are mounting. Among other things, the Senate Finance Committee has opened a probe investigating whether the carmaker falsely claimed more than $50 million in tax credits for meeting emissions standards.

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“If all goes according to plan, we can start the recall in January. All the cars should be fixed by the end of 2016,” Mueller says in an interview published today by the German newspaper, the Frankfurter Allgemeine Zeitung, or FAZ. But that timetable might be difficult to meet, especially in the U.S., where the scandal was originally touched off last month.