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Volkswagen CEO "very satisfied" with 9.9 million cars sold in 2015

Tuesday, January 12, 2016 - 01:15

Volkswagen CEO says he is satisfied with 2015 earnings and anticipates the new product line will help maintain profits despite a lingering auto emissions scandal. Rough Cut - Subtitled (no reporter narration).

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ROUGH CUT - SUBTITLED (NO REPORTER NARRATION) STORY: Speaking at the Detroit Auto Show, Volkswagen CEO Matthias Mueller says he is satisfied with 2015 earnings, despite a lingering auto emissions scandal. The company has been embroiled in crisis since last September, when it admitted it had cheated U.S. emissions tests using software known as "defeat devices". "We fully accept the violation and it's our intention to have solutions to win back the trust of our customers as soon as possible," said Mueller. The U.S. Justice Department is suing the German company for up to $46 billion for allegedly violating environmental laws - though some legal experts expect the final settlement to be far lower. "We are very satisfied with the 9.9 million cars we sold worldwide last year, and we are looking forward what will happen this year. First of all we have to look into the markets, as you know we have some difficult political situations all over the world so we will see what will be happen we will have very attractive product portfolio over all over the brands and we are confident we will be successful in 2016," said Mueller.

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Volkswagen CEO "very satisfied" with 9.9 million cars sold in 2015

Tuesday, January 12, 2016 - 01:15