New VW chief to brief workers on fallout from scandal

“Therefore we are putting all planned investments under review”.

British Prime Minister David Cameron said he did not rule out re-examining subsidies for diesel cars, The Sunday Telegraph newspaper reported, while Italy will test about 80 diesel models produced by eight leading carmakers, financial daily Illinois Sole 24 Ore said.

Mueller said the company’s more important task was to restore trust after it admitted that 11 million vehicles were affected by the rigging of diesel emissions tests.

In South Korea, 92,247 Volkswagen diesel vehicles and 28,791 cars sold by Audi between 2009 and 2015 were installed with emissions-cheating software, according to the government.

Volkswagen hasn’t said how any repairs could affect vehicles’ performance, such as fuel economy.

Volkswagen will have to make massive savings to cope with the huge cost of its emissions cheating scandal.

“We need clarity on Europe“, Bernstein analyst Max Wurburton wrote in a research note this week.

The Volkswagen board meets Wednesday and will be under pressure to release more details about its probe and recall plans. So far they’ve seen no change but Martin went on to say: “We are not discounting there may be a few short-term impact on prices across the marques in the Volkswagen Group over the coming weeks, due to the amount of negative media coverage”.

The company has suspended more than 10 senior managers, including three top engineers.

Hackenberg has hired lawyers to contest his suspension, a source close to the matter has told Reuters.

The head of VW’s US business, Michael Horn, is expected to be quizzed about those responsible for the scandal when he appears before a panel of USA lawmakers on Thursday.

After keeping away from the company in the months after his ouster, Piech and his wife Ursula visited the Volkswagen stand at the Frankfurt auto show on September 22, four days after the emissions scandal broke and the day before Winterkorn resigned.

Shareholder advisory firm Hermes EOS said last week it had “real doubts” about whether Volkswagen’s main stakeholders recognised the need for fundamental reform.