Volkswagen CEO Mller Says Buybacks 'Possible,' In Theory
Volkswagen CEO Matthias Müller apologized again to dealers and customers for the ongoing diesel scandal in a statement to CNBC’s Phil LeBeau. When pressed, he also admitted that buybacks are possible.
“This is a difficult situation because we have similar generations of engines … [but] the technical situations are all so different,” said Müller. “In some cases, it’s very easy to repair the cars. In other cases, it’s very expensive … and in that case we have to negotiate whether it would be better to bring the cars back to Volkswagen.”
See full interview below: