Massive Volkswagen Diesel Engine Recall To Run Through 2016

Volkswagen Fix will take all of 2016

Volkswagen will start recalling diesel cars in January and the company says it will take the entire year to complete the process.

The company is set to reveal details of a technical fix to Germany’s Federal Motor Transport Authority later in the week.

“If everything goes according to plan, we can start carrying out the repairs in January,” Mueller told the German newspaper Frankfurter Allgemeine Zeitung.

Volkswagen previously revealed that as many as 11 million diesel vehicles worldwide may be affected by its emissions skewing ‘cheat device.’

Most of the vehicles will need a software upgrade which will slow the performance of the vehicles while allowing their engines to work more efficiently in order to pass emissions tests. Some vehicles will also require hardware upgrades.

The company has already set aside $7.3 billion to cover the cost of national and international fines. With 11 million vehicles involved, many analysts believe that number will rapidly climb.

Car owners, shareholders and dealers are also adding to Volkwagen’s upcoming expenses with lawsuits that take direct aim at the company’s deceptive advertising practices.

Written by Peter Mondrose

Peter Mondrose

Peter Mondrose is the Editor-In-Chief at BusinessPundit. He received his degree in Economics in 1998 and a second degree in Journalism in 2004. He has served as a financial adviser, market trader, and freelance journalist for the last 11 years. When he's not investigating market conditions and reporting on workplace news, he can be found traveling with his wife, dog, and laptop. He can be reached at or (929) 265-0240.