💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

VW labor boss says emissions scandal could involve 100 people

Published 11/13/2015, 12:21 PM
Updated 11/13/2015, 12:30 PM
© Reuters. The VW logo is pictured on the back of a vintage Volkswagen car at a car shop in Bad Honnef
VOWG_p
-

BERLIN (Reuters) - Volkswagen (DE:VOWG_p) works council chief Bernd Osterloh does not know whether diesel emission manipulations committed by the company involved 10, 50 or even 100 people, he told German news agency DPA in an interview published on Friday.

"No one can tell that today," Osterloh said in a joint interview with VW brand chief executive Herbert Diess, adding there were structures within the company that are "problematic".

"But even if I take 100 out of (a global workforce of ) 600,000, it remains a limited group," he said.

Separately, Diess said the carmaker's orders were growing in Germany but falling in southern Europe, Britain and some overseas markets.

VW posted lower sales at brand and group level in October, citing effects of diesel sales bans in western Europe.

© Reuters. The VW logo is pictured on the back of a vintage Volkswagen car at a car shop in Bad Honnef

Compensation measures for VW owners will be tailored individually to market needs, Diess said, as VW aims to rebuild trust with customers.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.