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VW denies report it may cover full cost of diesel retrofits

Reuters  |  HAMBURG, Germany 

HAMBURG, (Reuters) - A for on Thursday denied a media report that said the carmaker was prepared to fully cover the costs of retrofits, which would come in at 3,000 euros ($3,426.30) per vehicle.

had reported that German carmakers and were prepared to fully cover the costs of the retrofits, which would reduce emissions to within permitted limits.

The said the report was false, adding that had not made such an offer. later updated its report to say that VW was sticking with its position that it was willing to cover 80 percent of the costs.

are meeting with German Minister on Thursday to discuss how to tackle diesel emissions in Scheuer is due to make a statement on the outcome of the talks.

declined to comment on the report. said it would comment after talks with Scheuer had concluded. The group has so far said it is not prepared to take part in a retrofit scheme.

last month presented plans to cut pollution from diesel vehicles and fend off diesel driving bans in cities by asking carmakers to offer owners trade-in incentives and hardware fixes.

($1 = 0.8754 euros)

(Reporting by Jan Schwartz in Hamburg, Ilona Wissenbach in Frankfurt and Irene Preisinger in Munich; Writing by Michelle Martin; editing by and Maria Sheahan)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, November 08 2018. 17:22 IST