Speaking to workers at the Wolfsburg headquarters, Müller spelled out the damage from the emissions scandal. “We will review all planned investments, and what isn’t absolutely vital will be cancelled or delayed. I will be completely clear: this won’t be painless.
"In addition to the huge financial loss, this crisis is primarily a crisis about a loss of confidence. It affects the core of our company and our identity, our cars, and the essence of the brand: solidity, reliability and credibility."
This is seen as a signal that the core may be protected but that the Bugatti brand may well be sidelined. So far VW has set aside 6.5bn euros (£4.7bn) but experts think the total could well be treble that, taking into account all the class actions that are being brought.
