Volkswagen Presses For Criminal Investigation Settlement BEFORE Government Changeover

Volkswagen AG aims to reach a settlement with the U.S. government over a criminal investigation before a new president takes office on Jan. 20, which would remove a major hurdle as the German carmaker attempts to recover from the diesel scandal.

“Of course we’d wish to have a final decision before the American government -- and with it, the authorities -- change, so that we can have certainty,” Volkswagen CEO Matthias Mueller said today during a conference in Hamburg. While he’s “disappointed” that the investigations have continued for so long, negotiations with U.S. regulators are “very good,” Mueller said.

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PUGPROUD - 11/4/2016 9:14:53 AM

+1 Boost

I would think if Clinton wins there will be no rush to settle. If Trump wins Obama will force settlement before he leaves office. Its a US political issue and VW's wishes has little to do when settlement is made.

Agent009 - 11/4/2016 10:15:42 AM

0 Boost

Either way, they could be viewed as an "example" for a new administration to use as a precedence.

MDarringer - 11/4/2016 7:24:58 PM

0 Boost

They must think Trump is going to win. The Democrats will kiss VW's butt because VW is so UAW friendly even if the workers aren't.