The Star Late Edition - - INTERNATIONAL -

Ve­hi­cles that could have the de­feat de­vice soft­ware

Ingo Spe­ich, a fund man­ager at Union In­vest­ment, which holds about 0.6 per­cent of VW pref­er­ence shares, said the com­pany needed to “put ev­ery­thing on the ta­ble” about its wrong­do­ing to re­gain the trust of in­vestors.

VW faces law­suits from about 20 US states and in­vestors, and will spend years buy­ing back or fix­ing nearly 580 000 pol­lut­ing US ve­hi­cles. It also faces claims from cus­tomers in Europe and Asia, af­ter it ad­mit­ted that 11 mil­lion ve­hi­cles world­wide could have de­feat de­vice soft­ware in­stalled.

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