Matthias Mueller News

German carmaker Volkswagen is planning to tighten spending sharply as it deals with fall-out from its diesel emissions cheating scandal, Automobilwoche reported on Saturday.

The California Air Resources Board rejected Tuesday Volkswagen's recall plan for diesel cars equipped with emissions cheat devices, and the federal Environmental Protection Agency agreed the plan was not acceptable.

German automaker Volkswagen may end up buying back some cars affected by the emissions scandal, its chief executive told CNBC in an interview.

Volkswagen chief executive Matthias Mueller has apologised for cheating diesel car emissions tests on his first official US visit since the scandal broke in September.

VW is currently engulfed in a scandal of global proportions after it was forced to admit in September that it installed pollution-cheating software in 11 million diesel engines worldwide.

Volkswagen said Thursday the roots of the global pollution-cheating scandal it is currently engulfed in date back to 2005, and while the current situation was difficult, it would not break the company.

German auto giant Volkswagen, mired in a massive emissions cheating scandal, has said it has found technical solutions for more than 90 percent of the vehicles affected in Europe.

The carmaker has admitted to fitting 11 million diesel engines worldwide with sophisticated software fitted to skew the results of tests for nitrogen oxide emissions.

German auto giant Volkswagen will foot the bill for any additional taxes owed by customers who bought its vehicles that pollute more than originally claimed, its chief executive wrote in a letter to EU ministers Friday.

The new chief of embattled carmaker Volkswagen said the recall of diesel cars affected by the pollution cheating scandal could start by January and end by the end of 2016.

Volkswagen said on Tuesday it will repair up to 11 million vehicles and overhaul its namesake brand following the scandal over its rigging of emissions tests. 

Embattled German carmaker Volkswagen Friday named Matthias Mueller, head of its luxury sports car brand Porsche, as its new chief executive, tasked with steering it out of the wreckage of its pollution test rigging scandal.  

The head of German luxury sports car maker Porsche, Matthias Mueller, has been picked to succeed Martin Winterkorn as the chief executive of scandal-battered auto giant Volkswagen, the business daily Handelsblatt reported on Thursday.