Chief Executive Officer of Volkswagen AG is scheduled to visit United States of America for attending the Detroit auto show accompanied by top regulators in determination of an exact extent to which it lacks cooperation with U.S regulators.
He will be addressing Media at the auto show on this Monday. Whereas as per reports, a day before the deadline for the EPA to rule on VW’s proposals to fix nearly 600,000 tainted diesel vehicles in America, he plans to go to Washington for meeting head of the Environmental Protection Agency, Gina McCarthy.
With reference to company’s refusal in turning over documents – that too include e-mail – U.S. investigators needs to figure out which employees orchestrated one of the biggest corporate scandals Volkswagen had been dealing with.
“Our patience with Volkswagen is wearing thin. It has been slow to produce documents from its U.S. files, it has sought to delay responses until it completes its ‘independent investigation’ several months from now, and it has failed to pursue every avenue to overcome the obstacles it says that German privacy law presents to turning over emails from its executives’ files in Germany.” – New York Attorney General, Eric Schneiderman
As for information, New York is among those forty six states that are into investigating process against Volkswagen’s emissions’ deception – not to mention, in comparison to leading the inquiry; it is among six states of the world. Earlier press releases have revealed how a separate civil complaint against Volkswagen was filed by U.S Justice Department, carrying potential fines of up to US$ 45 billion, on behalf of the EPA.
The company will begin recalling vehicles in Europe by the end of this month.
According to MarketWatch: The Company’s share price plunged while sales of the Volkswagen brand were bearish with nearly 5% in year 2014.Volkswagen group sales, which include luxury car maker Audi AG, sports car maker Porsche, as well as Skoda and SEAT, were bearish with 2% in year 2014 – the first decline in sales since year 2002, even as other car makers such as General Motors Co. and Toyota Motor Co. are playing strong on competing market.
