VW CEO says recall to start in January, be completed end-2016

Source: Reuters

Business News | Tue Oct 6, 2015 9:58pm EDT

VW CEO says recall to start in January, be completed end-2016

BERLIN

Volkswagen (VOWG_p.DE) Chief Executive Matthias Mueller said in an interview with a German newspaper that the company would launch a recall for cars affected by its diesel emissions crisis in January and complete the fix by the end of next year.

"If all goes according to plan, we can start the recall in January. All the cars should be fixed by the end of 2016," Mueller told the Frankfurter Allgemeine Zeitung (FAZ). The newspaper provided a copy of the interview prior to publication on Wednesday.

For the U.S. market, a company spokeswoman said later, the remedy will first have to be agreed upon with Environmental Protection Agency, but she offered no timing for that.

Mueller told the FAZ that he believed only a few employees were involved in the diesel emissions rigging that has hammered the company's stock and done severe damage to its reputation, refuting the notion that his detail-oriented predecessor Martin Winterkorn must have known about it.

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Read more: http://www.reuters.com/article/2015/10/07/us-volkswagen-emissions-mueller-idUSKCN0S02XH20151007