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Volkswagen Will Postpone or Cancel Unnecessary Project

Volkswagen will postpone or cancel unnecessary project to ensure they are financially strong to fix the emission test issues. Matthias Müller who is the new Volkswagen CEO said the issue won’t totally killed Volkswagen because Volkswagen have a strong foundation with talented employees who supporting each others. He said the issue will require some software upgrade but at the same time it also involves hardware modification. The process will give financial impact to Volkswagen by stating they will face “enormous financial damage which … is still not possible to quantify as of today.”. To ensure they have enough money to fix the issue and at the same time able to run core business as usual Volkswagen will postpone or cancel unnecessary project and research.

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