The Car and Truck Fleet and Leasing Management Magazine

Volkswagen to Launch Massive Diesel Recall in January

October 7, 2015

Photo courtesy of Volkswagen.
Photo courtesy of Volkswagen.

Volkswagen AG will launch a recall in January of its diesel-powered cars that included cheat software designed to defeat emissions testing in a scandal that's expected to have a wide-ranging impact on one of the largest global automakers.

In most cases, the automaker can fix the problem with a software update, and may need to add fuel injectors or catalytic convertors. CEO Matthias Muller told German newspaper Frankfurter Allgemeine Zeitung the company will strive to implement a fix that doesn't reduce fuel economy or performance, reports the New York Times.

Volkswagen is facing significant costs for the work, fines from the U.S. Environmental Protection Agency, and lawsuits from owners and dealers. Volkswagen is now seeking approval from the German government on its plan.

During an Oct. 6 address to 20,000 employees at VW's Wolfsburg plant, Muller said the company would "overcome this crisis" despite a crisis of confidence that will cause "enormous financial damage."

About 480,000 Volkswagen vehicles and 15,000 Audi vehicles were sold in the U.S. market with the software cheat.

On Oct. 7, Volkswagen AG appointed Dieter Potsch as its chairman and Frank Witter to succees Potsch as a member of the Board of Management over finance and controlling. The automaker has hired the law firm Jonas Day to conduct an external investigation into the matter.

Twitter Facebook Google+


Please note that comments may be moderated. 
Leave this field empty:

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.


Fleet Management And Leasing

Merchants Experts will answer your questions and challenges

View All
Sponsored by

The specific name given in the United Kingdom to closed end leases, i.e., leases with a fixed term (24 months, 36 months, etc.) wherein the lessor assumes most risks of ownership, notably depreciation and funding, defined levels of administration, and certain expenses of licensing or registration.

Read more

Up Next

More From The World's Largest Fleet Publisher