Still a ‘lot of work to do’ for VW after diesel scandal: U.S. compliance auditor

BERLIN (Reuters) – Volkswagen (DE:) and an independent monitoring team still have “a lot of work to do” before he can certify changes required under a U.S. Justice Department settlement, Larry Thompson, an independent compliance auditor, told a conference in a video recording on Thursday.

But Thompson, a former deputy U.S. attorney general, said VW was making good progress on improving its processes, and cited “very good cooperation and support” by company executives.

He told a conference hosted by Automobilwoche magazine that his team and the company would now begin to test revamped compliance procedures.

Thompson was installed as compliance auditor after U.S. authorities blew the whistle on Volkswagen’s excessive diesel pollution in 2015.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.