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Published in TZ Latest News 15 October, 2015 by The TZ Newswire Staff

VW says can bounce back as recalls 8.5 million EU cars

HAMBURG/BERLIN (Reuters) – Volkswagen (VOWG_p.DE) can bounce back from the scandal over its rigging of diesel emissions tests in two to three years, its new CEO predicted on Thursday, as the carmaker outlined plans to recall 8.5 million affected vehicles in the European Union. Matthias Mueller, who took the helm last month after Europe’s biggest automaker admitted to cheating U.S. diesel emissions tests, said the German company needed to give more power to its brands and regional operations while working to get to the bottom of the biggest business scandal in its history.

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