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VW attorneys get more time to reach emissions scandal deal

New deadline also applies to any agreements VW reaches with US Justice Department, Federal Trade Commission.

June 15, 2016   by The Associated Press

SAN FRANCISCO — A federal judge in San Francisco is giving Volkswagen and attorneys for vehicle owners affected by the company’s emissions cheating scandal more time to reach a final settlement proposal.

US District Court Judge Charles Breyer issued an order June 15 extending the deadline to file the settlement deal by a week, to June 28. The new deadline also applies to any agreements Volkswagen reaches with the US Justice Department and the Federal Trade Commission.

Breyer says he made the order at the request of former FBI director Robert Mueller, who is overseeing settlement talks. Breyer also cited the “highly technical nature” of the proposed settlements.

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In April, the judge announced a tentative agreement that would give owners the option of having Volkswagen buy back or repair their vehicles.

Meanwhile, Volkswagen plans to intensify its push into electric vehicles as it fights to bounce back from the diesel scandal.

CEO Matthias Mueller in Frankfurt said the company plans to introduce more than 30 electric-powered vehicles by 2025, and to sell 2 to 3 million of them a year.

Mueller made the statement as the company introduced a new strategy aimed at streamlining and re-orienting its business for the future. The plan, dubbed “Together – Strategy 2025” also includes a focus on digital mobility, which could include things like as car- or ride-sharing apps.

The company also set as a goal increasing the profitability of the core Volkswagen brand, which is barely making money.


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