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Automakers

VW CEO says scandal will inflict substantial financial damage

VW CEO Mueller speaks from a podium in VW's Wolfsburg headquarters. The diesel scandal will keep VW busy "for a long time," he said. (Bloomberg)
March 08, 2016 05:00 AM

WOLFSBURG (Reuters) -- Volkswagen Group CEO Matthias Mueller said the automaker's diesel emissions scandal will inflict "substantial and painful" financial damage on the company, as board member Stephan Weil warned that he expects more unpleasant news to emerge and German prosecutors said they have widened their investigation.

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