Volkswagen has said it
will set aside 6.5 billion euros to cover the cost of a diesel emissions
scandal and to "win back the trust of its customers".
Some 11 million cars may be affected by VW's admission that it rigged reports of diesel emissions. The company has been ordered to recall half a million cars in the US.
The US boss of Volkswagen said they had "totally screwed up" emissions testing.
Michael Horn said: "Our company was dishonest with the EPA and the California air resources board, and with all of you, and in my German words, we have totally screwed up."
Volkswagen's reputation as a byword for quality and reliability lies in tatters, according to the German press. The German paper Bundesdeutsche Zeitung said: "'Made in Germany' in the gutter".
READ ALSO: Volkswagen faces $18bn in fines for pollution in US
Until now, Germany was considered the world leader in clean diesel. Sigmar Gabriel, Germany's vice-chancellor and economic minister, has warned that the country's reputation has been compromised. "We are worried that the justifiably excellent reputation of the German car industry and in particular that of Volkswagen will suffer," Gabriel said, according to UK's Telegraph. Over the weekend, the Environmental Protection Agency in the US accused VW of skirting clean air rules and warned that it could face fines of more than $18 billion.
Some 11 million cars may be affected by VW's admission that it rigged reports of diesel emissions. The company has been ordered to recall half a million cars in the US.
The US boss of Volkswagen said they had "totally screwed up" emissions testing.
Michael Horn said: "Our company was dishonest with the EPA and the California air resources board, and with all of you, and in my German words, we have totally screwed up."
Volkswagen's reputation as a byword for quality and reliability lies in tatters, according to the German press. The German paper Bundesdeutsche Zeitung said: "'Made in Germany' in the gutter".
READ ALSO: Volkswagen faces $18bn in fines for pollution in US
Until now, Germany was considered the world leader in clean diesel. Sigmar Gabriel, Germany's vice-chancellor and economic minister, has warned that the country's reputation has been compromised. "We are worried that the justifiably excellent reputation of the German car industry and in particular that of Volkswagen will suffer," Gabriel said, according to UK's Telegraph. Over the weekend, the Environmental Protection Agency in the US accused VW of skirting clean air rules and warned that it could face fines of more than $18 billion.
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