Volkswagen’s newly appointed CEO Matthias Müller says he expects the TDI scandal to generate a much higher bill than originally estimated.

Volkswagen’s newly appointed CEO Matthias Müller says he expects the TDI scandal to generate a much higher bill than originally estimated.

During a tour of the Volkswagen headquarters in Germany, Müller told the gathered press the €6.5 billion allocated so far to deal with the Dieselgate scandal probably won’t be enough and the company will have to set aside additional funds to cover the forthcoming expenses. He went on to specify the money reserved so far are only for the recalls. The Volkswagen Group will have to make some cuts to gain access to a considerably higher amount of money taking into account the upcoming fines will certainly generate a huge bill as Credit Suisse estimates a €78 billion worst case scenario.

When asked whether only a handful of employees were responsible for the illegal defeat device installed on almost 11 million TDI cars, Müller provided a rather evasive answer: “we are still deep in the middle of the clarification, including the question of the possible culprits and causes.” He also said the investigation is very complex and goes all the way back to 2005 which is quite interesting taking into account the special software made its debut on production cars three years later.

According to a recent report, there are several software versions for the EA189 1.2 TDI, 1.6 TDI and 2.0 TDI engines and depending on the year, make and model of the car, Volkswagen will have to implement software or both software and hardware modifications.

Source: Automotive News Europe

Gallery: Volkswagen CEO states the obvious: Dieselgate bill could be higher than the €6.5 billion allocated