Still reeling from the fallout of its emissions scandal, Volkswagen (VW) CEO Matthias Mueller told reporters that "rules were broken and boundaries overstepped… it's very painful and we apologize sincerely."
VW is accused of manipulating emissions test data on its diesel vehicles in the U.S. and Europe. The beleaguered carmaker is facing a $9 billion buy back of its diesel vehicles.
"We know that we have disappointed many people – people who have placed their trust in Volkswagen. We stand by our responsibility. And we are doing everything in our power to regain trust," Mueller told an annual financial conference Thursday in Wolfsburg, Germany.
The newly installed boss of the German auto-making giant assured that, "this will remain our most important task until the very last vehicle has been put in order."