Volkswagen sees 4-5 billion euros in outflows in 2018

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Volkswagen anticipates money outflows of 4-5 billion euros ($4.7-5.9 billion) next year in relation to the dieselgate emissions cheating scandal, the automaker’s Chief Financial Officer Frank Witter told reporters on Monday.

“I am not relaxed with regard to the diesel problem,” Witter stated. The figure is below the up to 17 billion euros in outflows expected in 2017.

Dieselgate has until now cost the company over 25 billion euros and contributed to a strategy shift in the sector towards electric automobiles, with many makers having announced far-reaching investment plans.

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