Matthias Mueller: VW will not replicate US diesel settlement in Europe
In a recent report, German newspaper Welt am Sonntag has revealed that Volkswagen CEO Matthias Mueller has made it clear that the historic $15 billion settlement of the automaker’s diesel-emission scandal in the US will not be replicated in Europe.
According to the report, Mueller said that VW has no intentions of compensating European customers affected by the diesel emissions scandal along the lines of the $15 billion settlement deal to compensate 500,000 US customers.
Asserting that the replication of the US diesel settlement in Europe would be inappropriate as well as unaffordable, Mueller told Welt am Sonntag: "We have a different situation here (in Europe)."
Highlighting the fact that the US laws are different from European laws, Mueller said that VW would suffer potentially irreparable financial damage in case it is forced to offer its European customers the same level of compensation as its US customers.
The statement by Mueller came close on the heels of a last-week call by Europe's Industry Commissioner Elzbieta Bienkowska to VW to compensate the nearly nine million European owners of its diesel-powered cars in the same way as their US counterparts. Bienkowska said that it would not be fair for European owners of VW scandal-hit diesel vehicles to be treated differently from US customers just because of a different legal system.
A Translational Pharmaceutics stage, Quotient Clinical connoting its new personality to Quotient Sciences resulting acquirements of SeaView Research, QS Pharma, and Co-Formulate.
Intelligent and connected vehicles are turning into the Chinese business' specialty in the new automotive era. TuSimple Inc. reveals demonstrates minds-off automated driving using two modified trucks in Shanghai.
Well-known for its technology innovation, China region unveiled the first picture of the hypersonic strike airplane that is being created to convey atomic warheads through U.S. rocket protections. The pictures of four distinct rockets that U.S.
New York-based broad communications partnership, Time Inc. uncovered another advanced stage called Time Inc. Latino. Through its new computerized stage Time conveys exceptional access to the U.S. Hispanic group of viewers.
Chinese Multinational Telecommunication Equipment company, ZTE corporation officially released TECS 6.0. The company released the new generation cloud platform at the OpenStack Summit Sydney.
German-based, multinational open-source software company SUSE combines Cloud Foundry and Kubernetes to accelerate application delivery, which also helps to increase business agility.