VW confident may reach deal with US on technical fix: CEO
NEW YORK: Volkswagen AG is confident it may reach an agreement with U.S. regulators on a technical fix for diesel cars, vehicle buybacks and fines, Chief Executive Matthias Mueller said on Monday. The U.S. Justice Department has sued Volkswagen for up to $46 billion for violating U.S. environmental laws?. There is still no fix for nearly 600,000 affected cars in the United States more than five months after VW's emissions test-rigging scandal broke. "In the U.S. we are working intensely with the respective authorities ?on a sustainable overall solution," Mueller said at a reception on the eve of the Geneva auto show.
"We continue to be in constructive talks," he said, adding that negotiations between both sides will resume on Thursday. Earlier on Monday, Mueller told Reuters TV that he did not believe that U.S. authorities were being too hard on the German carmaker, though they were pushing "very strongly" steps to clear up the scandal. VW is "progressing well" in its efforts to investigate the circumstances of the manipulations and will draw "the right conclusions" from its findings, due to be published in the second half of April, the CEO told reporters.