Volkswagen CEO Matthias Mueller said on Tuesday that the automaker will need to make "massive" cost savings overcome the consequences of the emissions scandal that has engulfed it.
Addressing staff, Reuters cited the the newly-appointed CEO as saying the group could overcome the crisis and emerge stronger from it. He added the financial impact of the crisis was not yet clear. The group would do the utmost to limit the impact on jobs.
Billions of euros have been wiped off Volkswagen's value following the revelation that the company had used software to change its diesel engines' performance under U.S. test conditions.