Comments on VW scandal

German carmaker Volkswagen (VW) will set aside SKr 60 billion for fines to the US Environmental Protection Agency (EPA), after revelations that VW has deceived US regulators in exhaust emissions tests.
Speculation is rife as to whether VW chief executive Martin Winterkorn may have to step down. However, Christer Karlsson, professor at Copenhagen Business School, says that he believes Winterkorn should be forced to stay and clear up the mess.
SEB’s Annika Falkengren, who sits on VW’s supervisory board, did not wish to comment on the incident on Tuesday.
Stefan Elfström, spokesman at Volvo Cars, says that Volvo has not certified any diesel cars in the US, nor does the company use similar software to that used by VW.