Volkswagen’s emissions problems cost the automaker 3.6 billion euros

Volkswagen’s effort to get its fleet of vehicles certified according to the new WLTP emissions standard have cost the automaker up to 3.6 billion euros ($4.04 billion) in last year, a source knowledgeable with the matter informed Reuters.

The estimate, that was initially reported in Germany’s Der Spiegel, mentioning sources close to the works council, came to light following VW’s works council boss Bernd Osterloh demanded that the automaker take action to hold managers to account.

“It cannot be that billions are wasted, and this has no consequences,” Osterloh informed Braunschweiger Zeitung.