Berlin - The chief executive of Volkswagen, Matthias Muller, ruled out the possibility of compensation to European customers because of the fraud scandal in similar greenhouse gas emissions to those offered to Americans, saying it would be too expensive for the company.
"You do not have to be a mathematician to see that compensation in some arbitrary amount would place Volkswagen underwater," Muller said on Sunday in an interview with the German newspaper Welt am Sonntag.
Last month, the automaker signed a compensation agreement in the United States of $ 14.7 billion, with a group that includes the Justice Department, the Environmental Protection Agency (EPA) and lawyers of owners of vehicles of the brand.
Muller said he spoke last week with the European Union's industry commissioner, telling him that the case in Europe need to take a different approach from that in course in the US.
The limits of US emissions are more stringent than the EU and participation in payment is optional for North American customers, he added.
"I do not have to explain what it would mean financially for our company" if she had to pay the same to European customers, Muller said.
The automaker booked so far $ 18 billion to deal with emissions scandal consequences and said last month that it continues to evaluate whether the amount is appropriate.
Source: Dow Jones Newswires.
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