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VW Faces Long Road to Recovery as Diesel Fixes to Take a Year

  • Carmaker's repair plan in the hands of German regulator
  • Volkswagen has provided `minimal information,' lawyer says
Bloomberg business news

VW Faces Costly Fixes as it Seeks to Cut Spend

Updated on

Volkswagen AG’s efforts to fix diesel cars with rigged emissions systems are set to drag on through at least the end of 2016, signaling the long road ahead for the automaker to emerge from the scandal.

VW said it has presented proposals to German authorities in the first stage of a global recall but cautioned that the mix of technology and differences in local regulations will complicate the task of fixing the cars. That uncertainty leaves owners of nearly 11 million cars worldwide largely in the dark about the extent of the repairs needed and how their vehicles will perform afterward.