Car maker Volkswagen ’s (VOWG_p.DE) diesel emissions scandal has prompted a number of European governments to impose new restrictions on the sale and use of diesel. (GBP 2.4bn), following the emissions scandal, it has been reported. The German company has set aside a fund of EUR 16bn to compensate car owners, but analysts warn it could cost VW between EUR 20bn and EUR 30bn. Analysts at the bank Chief executive Matthias Mueller said the firm achieved “respectable results under difficult conditions”, while sales of VW-branded vehicles were down 83% to EUR 73m. However, unit sales were up 0.8%, which means VW is “on track” to become the world’s biggest vehicle-maker in 2016.
Car maker Volkswagen ’s (VOWG_p.DE) diesel emissions scandal has prompted a number of European governments to impose new restrictions on the sale and use of diesel. (GBP 2.4bn), following the emissions scandal, it has been reported. The German company has set aside a fund of EUR 16bn to compensate car owners, but analysts warn it could cost VW between EUR 20bn and EUR 30bn. Chief executive Matthias Mueller said the firm achieved “respectable results under difficult conditions”, while sales of VW-branded vehicles were down 83% to EUR 73m. However, unit sales were up 0.8%, which means VW is “on track” to become the world’s biggest vehicle-maker in 2016.