Quote:
Volkswagen says 11 million vehicles worldwide are affected by the scandal that has erupted over its rigging of US car emissions tests.
It said it was setting aside €6.5bn (£4.7bn) to cover costs of the scandal.
VW added this would pay for "necessary service measures and other efforts to win back the trust of our customers".
The boss of Volkswagen's US business, Michael Horn, has admitted it "totally screwed up" in using software to rig emissions tests.
VW shares were down more than 20% on Tuesday in Frankfurt.
Last Friday, the US Environmental Protection Agency (EPA) said VW diesel cars had much higher emissions than tests had suggested and that software in several diesel cars could deceive regulators.
"Volkswagen does not tolerate any kind of violation of laws whatsoever," the firm said in its latest statement.
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http://www.bbc.co.uk/news/business-34325005
Oh dear, I don't suppose this will do much to improve Germany's current public mood. It'll be interesting to see whether this does affect any EU cars and how open VW will be about the extent of the problem and any deception.