VW to Meet With Regulators as Patience Frays – WSJ


BN-LI661_VWCRIS_J_20151118172033Volkswagen is meeting with U.S. regulators this week amid a contentious relationship with them and their European counterparts who will determine the penalties for its cheating on emissions.

As Volkswagen AG faces a Friday deadline for proposing how it will fix nearly half a million cars tainted by illegal software, the German auto giant is grappling with a contentious relationship with regulators in the U.S. and Europe who will determine the penalties for its emissions cheating.

Two months after the U.S. Environmental Protection Agency disclosed that Volkswagen deceived diesel emissions testers for years and later falsely claimed technical problems when challenged, the details of how and why Volkswagen cheated, who was responsible and how it plans to fix affected cars are still largely unclear.

Volkswagen is set to discuss initial recall plans in meetings Thursday and Friday with U.S. and California regulators, an EPA spokeswoman said. On Friday, the company also is expected to provide details of deep spending cuts.

Source: VW to Meet With Regulators as Patience Frays – WSJ

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