Skip to main content
NTv Online

World

World
  • Africa
  • Americas
  • Asia Pacific
  • Europe
  • Mid East
  • More
  • Offbeat
  • South & Central Asia
  • Viral
  • Bangla Version
  • Archive
  • Bangladesh
  • World
  • Sports
  • Entertainment
  • Business
  • Comment
  • Education
  • Life
  • Health
  • Art & Culture
  • Election
  • বাংলা
  • Bangladesh
  • World
  • Sports
  • Entertainment
  • Business
  • Comment
  • Education
  • Life
  • Health
  • Art & Culture
  • Election
  • বাংলা
  • Bangla Version
  • Archive
Follow
  • World
Reuters
07 October, 2015, 08:48
Update: 07 October, 2015, 08:48
More News
Israel and Greece sign record defence deal
Create framework to address needs of climate migrants: PM at COP25
COP25: Five things to know about UN climate change conference
Have to fix the sickness of society: PM
Brexit ballot: UK lawmakers back December 12 election

VW CEO says recall to start in January

Reuters
07 October, 2015, 08:48
Update: 07 October, 2015, 08:48
New Volkswagen CEO Matthias Mueller arrives for a news conference at Volkswagen’s headquarters in Wolfsburg, Germany on 25 September, 2015. Photo: Reuters

Berlin: Volkswagen 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 US 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.

He said VW would have to become smaller and less centralised, adding that every model and brand would be scrutinized for its contribution to the company and singling out Bugatti.

But he said an ‘evolution’ rather than a ‘revolution’ was needed to get VW back on track, predicting that the company could ‘shine again’ in two to three years.

‘This crisis gives us an opportunity to overhaul Volkswagen’s structures,’ Mueller said. ‘We want to make the company slimmer, more decentralized and give the brands more responsibility.

Mueller rejected the suggestion that VW had informed financial markets too late about the diesel problems despite having told officials at the US Environmental Protection Agency (EPA) weeks before it went public.

‘Based on our understanding of the law, we informed in time,’ he said.

Most Read
  1. WHO site shows how they refuse to acknowledge scientific evidence on vaping
  2. Tholos Foundation urges Bangladesh govt not to ban e-cigarettes
  3. India bans service charge at hotels and restaurants
  4. Bangladesh and Australia working towards key trade partners
  5. Bigger and better Mother Language Day Walk
  6. Islamic State loses second leader in two years
Most Read
  1. WHO site shows how they refuse to acknowledge scientific evidence on vaping
  2. Tholos Foundation urges Bangladesh govt not to ban e-cigarettes
  3. India bans service charge at hotels and restaurants
  4. Bangladesh and Australia working towards key trade partners
  5. Bigger and better Mother Language Day Walk
  6. Islamic State loses second leader in two years

Follow Us

Alhaj Mohammad Mosaddak Ali

Chairman & Managing Director

NTV Online, BSEC Building (Level-8), 102 Kazi Nazrul Islam Avenue, Karwan Bazar, Dhaka-1215 Telephone: +880255012281 up to 5, Fax: +880255012286 up to 7

Browse by Category

  • About NTV
  • NTV Programmes
  • Advertisement
  • Web Mail
  • NTV FTV
  • Satellite Downlink
  • Europe Subscription
  • USA Subscription
  • Privacy Policy
  • Terms & Conditions
  • Contact

Our Newsletter

To stay on top of the ever-changing world of business, subscribe now to our newsletters.

* We hate spam as much as you do

Alhaj Mohammad Mosaddak Ali

Chairman & Managing Director

NTV Online, BSEC Building (Level-8), 102 Kazi Nazrul Islam Avenue, Karwan Bazar, Dhaka-1215 Telephone: +880255012281 up to 5, Fax: +880255012286 up to 7

Reproduction of any content, news or article published on this website is strictly prohibited. All rights reserved