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Michael Horn Volkswagen

Admits dishonesty with regulators and public

21 Sep, 2015

VW U.S. President and CEO Horn admits to the emissions scandal at an event in Brooklyn, New York:

Our company was dishonest, with the EPA and the California Air Resources Borad, and with all of you. And, and . and in our German words, we have totally screwed up. We must fix the cars to prevent this from ever happening again, and we have to make things right, with the Government, The public, our customer, our employees, and also, very important, with our dealers. This kind of behavior is totally inconsistent with our qualities. We are committed to do what must be done and to begin to restore your trust. We will pay what we have to pay.

Volkswagen could face a fine of up to $18 billion (£11.6 billion), criminal charges for its executives, and legal action from customers and shareholders. The US Department of Justice is likely to conduct a criminal investigation.

Michael Horn, President and CEO of Volkswagen Group of America: "Our company ..