William Maley

VW News: As the Diesel Emits: Volkswagen Decides Not To Talk About the Preliminary Findings of The Investigation

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William Maley    395

Volkswagen was planning to release the preliminary findings of its internal investigation into the diesel emission scandal this month. But now, the company has scrapped those plans. In a statement, the German automaker cites strong objections from their lawyers and “unacceptable risks” to the company.

 

But there might be more this than what Volkswagen is saying. Last week, Volkswagen finally reached a deal with the U.S. Government over the emission mess. By releasing the results, it might put Volkswagen in a difficult sport.

 

“Publishing such a preliminary report would not only endanger the complex and confidential settlement talks [with authorities and plaintiffs], it would also have a negative effect on ongoing investigations as individuals who have yet to be questioned could align their statements with the contents of the report. We must avoid this,” said Volkswagen board director Wolfgang Porsche to reporters in Wolfsburg.

 

It isn't being helped that the investigation has hit a few bumps in the road. According to Automotive News, the Jones Day law firm - hired by Volkswagen to do the investigation - have so far failed define key points of the scandal. Bloomberg goes on to say that the firm has been confounded by engineers using code words to describe the illegal software and outdated computer systems.

 

The final investigation report is not expected until the fourth quarter of the fourth year.
Source: Automotive News (Subscription Required), Bloomberg, Volkswagen

 

Press Release is on Page 2






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dfelt    1,782

At this point, the report would probably increase the criminal investigations and fines and really bankrupt VW. So for them at this point, better to buy back the cheating crap and destroy it and move on.

 

Still like to know how much they will pay for buying back the auto's and if the CEO really knew as little as he claims. I find this hard to believe.

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