Dieselgate effects on Volkswagen will last more than a decade

To restructure Volkswagen after dieselgate "it will take about two generations of vehicles" about fourteen years: this is the judgment of Herbert Diess, CEO of Volkswagen home.

The manager, in an interview with the Süddeutsche Zeitung, claims that the company now focuses "on where we need it or not we must invest in the future, with particular reference to innovation" with regard to electric cars and their batteries, explains Diess, "account for between 30 and 50% of the value of the vehicle."

In any case, Diess insists he never thought of resigning and says he is convinced that the Volkswagen brand will survive the crisis for the quality of its production: "Most of the companies employing between one year and one and a half to leave behind the crisis of credibility. "

Meanwhile, in an interview with German agency Deutsche Welle, VW chief executive Matthias Mueller, concerning the penalties imposed, placed emphasis on the financial effects to which the German group will be submitted in the next years. "You do not need to be a mathematician to eecognize that damages payment of any amount would overwhelm Volkswagen," he was reported.

"Payments to customers in the US are meant to give owners an incentive to retrofit their cars. But I do not need to comment on the financial impact for our company if we were to do that in Germany."