VW could agree U.S. large-car diesel fix by October: Audi exec
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A Volkswagen logo is seen at a dealership in Seoul, South Korea, August 2, 2016. REUTERS/Kim Hong-Ji - RTSKMRE
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By Farah Master
Hong Kong (Reuters) - Volkswagen AG's
"(We're) in really good discussions with U.S. authorities," said Dietmar Voggenreiter, head of sales and marketing worldwide at VW premium brand Audi
"Hopefully in October, latest in the beginning of November, we will have the final agreement with the U.S." on 3.0 liter engine vehicles.
VW in June agreed with U.S authorities to pay up to $15.3 billion for car buybacks and fixes to 475,000 2.0-litre VW and Audi diesel vehicles equipped with software that tricks emissions tests. The accord did not include fixes for 80,000 VW, Audi and Porsche 3.0 liter engine that could potentially cost billions more if the automaker needs to buy them back.
The diesel emissions scandal, affecting roughly 11 million vehicles worldwide, continues to drag on VW and Audi profits, with Audi set to miss profitability targets this year and the core VW brand recording a 12 percent year-on-year drop in profit in the second quarter.
(Reporting by Farah Master; Writing by Jake Spring; Editing by Kenneth Maxwell)
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