Volkswagen said to recall 2.46m German cars
Beleaguered car maker Volkswagen will reportedly have to recall 2.46m cars that were fitted with illegal emission control software in Germany.
DJ EURO STOXX 50
4,794.85
00:00 16/11/24
-0.80%
-38.68
Volkswagen AG
€86.75
17:30 15/11/24
0.46%
€0.40
According to Germany daily Die Welt, 1.54m German VW-branded cars needed to be fixed, along with 531,813 Audis, 286,970 Skodas and 104,197 Seats.
Earlier in the month, VW said it plans to cap spending next year at around €12bn as it looks to save costs following the scandal.
The figure is around €1bn less than the budget for the previous year. Before the emissions scandal hit, Volkswagen had said it intended to spend around €17bn a year through to 2019 on new vehicles and technology.
The car maker admitted in September that it has used emissions-cheating software in up to 11m diesel vehicles worldwide.