Written by Ramesh Irugalbandara
29 Oct, 2015 | 3:21 pm
Volkswagen’s CEO of Passenger Cars Brand Herbert Diess apologized on Wednesday (October 28) at the Tokyo Motor Show over the rigging of diesel emissions tests.
The scandal has pushed the German automaker to its first quarterly loss in at least 15 years.
Admitting that Volkswagen did “some things that were wrong” Diess apologised for what he called actions that went against “everything our company and its people stand for”
Diess vowed to overcome the crisis with the help of Volkswagon employees.
Almost six weeks after it admitted using illegal software to falsify U.S. diesel emissions tests, Europe’s biggest carmaker is under pressure to identify those responsible, fix up to 11 million affected vehicles and convince regulators, investors and customers it can be trusted again.
The biggest business crisis in its 78-year history has wiped more than a quarter off VW’s stock market value, forced out its long-time chief executive and tarnished a business held up for generations as a model of German engineering prowess.
Volkswagen's CEO apologies over emissions test rigging scandalRead more : http://goo.gl/ojhKha
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