Recall On VW Diesels Begins In January
A recall on Volkswagen’s diesel vehicles with cheating software has been inevitable since the scandal first came to light, but there has been little official word on a timeframe for the fix. The automaker’s new CEO Matthias Müller has finally put a tentative date on repairs, though. “If all goes according to plan, we can start the recall in January. All the cars should be fixed by the end of 2016,” Müller said to the Frankfurter Allgemeine Zeitung, Reuters reports. So, if you have a VW car with diesel engine, you should research about this news’ impact on car insurance rates. Get an auto insurance online quote.
The technical fix will vary according to the model, transmission and country-specific factors, meaning VW requires “not just three solutions, but rather thousands”, Mr. Müller said.
The German carmaker was expected to detail its repair proposals to Germany’s Federal Motor Transport Authority (KBA) late on Wednesday.
Of the up to 11m vehicles affected worldwide, most will require only a software update but some will require new hardware. VW owners have yet to be told whether hardware changes could affect the fuel economy or performance of their vehicles.
Mr. Müller told Germany’s Frankfurter Allgemeine Zeitung on Wednesday that VW’s initial enquiries into who was responsible pointed to the involvement of only a small number of individuals. However, it would take several more weeks of investigations to provide a definitive answer. So far only four employees have been suspended. In a first step to address the potential costs of the crisis, Volkswagen last month issued a profit warning and said it would take a €6.5 billion ($7.33 billion) charge to earnings to pay for repairing up to 11 million vehicles affected by the emissions scam.
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