VW's fixes for rigged diesel engines gets approval

Frankfurt

VOLKSWAGEN AG (VW) said that it has approval to repair most of its rigged European diesel engines and made a deal with US regulators to resubmit questionable software for review in 85,000 other vehicles, signs of progress in its effort to overcome the two-month-old emissions crisis.

German automotive regulator KBA has approved a software update for 2.0 litre diesel motors and has agreed in principle to a plan for 1.6 litre engines, chief executive officer Matthias Mueller told about 1,000 company executives on Monday in Wolfsburg, Germany. The costs and complexity of the fixes, which apply to more than 90 per cent of the affected vehicles in Europe, are "manageable", he said in excerpts of the speech obtained by Bloomberg.