Still a 'lot of work to do' for VW after diesel scandal: U.S. compliance auditor

By Kitco News / November 08, 2018 / www.kitco.com / Article Link

BERLIN (Reuters) - Volkswagen (VOWG_p.DE) and an independent monitoring team still have “a lot of work to do” before he can certify changes required under a U.S. Justice Department settlement, Larry Thompson, an independent compliance auditor, told a conference in a video recording on Thursday.

But Thompson, a former deputy U.S. attorney general, said VW was making good progress on improving its processes, and cited “very good cooperation and support” by company executives.

He told a conference hosted by Automobilwoche magazine that his team and the company would now begin to test revamped compliance procedures.

Thompson was installed as compliance auditor after U.S. authorities blew the whistle on Volkswagen’s excessive diesel pollution in 2015.

Reporting by Andrea Shalal, editing by Tassilo Hummel

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
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