The Volkswagen Group is now aware that about 800,000 vehicles using diesel could be affected in the irregular type approval for CO2 levels in the vehicles, and rectifying this error could cost the company about 2 billion euros - the auto company said in a blog post.
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The irregularities in the type approval for CO2 levels was discovered during an intensive investigations going on within the auto organization, and the company felt it is just right to publicize the fact that it is willing to clarify the facts and make things straight where possible.
The Board of Management of Volkswagen AG is determined to open up talks with agencies responsible for the diesel CO2 type approval, and get them acquainted with the economic costs of making things right again.
In fact, the legal aspect of this development might have to be considered in view of the economic implications, but Volkswagen is set to address everything that needs to be examined.
"From the very start I have pushed hard for the relentless and comprehensive clarification of events. We will stop at nothing and nobody. This is a painful process, but it is our only alternative. For us, the only thing that counts is the truth. That is the basis for the fundamental realignment that Volkswagen needs", said Matthias Müller, CEO of Volkswagen Aktiengesellschaft.
"The Board of Management of Volkswagen AG deeply regrets this situation and wishes to underscore its determination to systematically continue along the present path of clarification and transparency," Müller added.
Internal investigations reveal that the CO2 levels and the fuel consumption level for most of the affected vehicle models were set too low during the CO2 certification process for most of the vehicles which have diesel engines.
To this extent, Volkswagen is cooperating with federal authorities and willing to pursue any course of action that will see this matter resolved as quick as possible, so that the CO2 levels for the affected vehicles could be correctly speedily.
It should however be noted that the safety of these vehicles are not compromised in any way, but the auto company is still assessing the level of irregularities in the CO2 level in the diesel vehicles among other things.