VW Sets Aside $18 Billion to Pay for Diesel Scandal

The transcript discusses Volkswagen's financial crisis, highlighting a 97% drop in provisions and the company's response, including setting aside €16.2 billion. The CEO claims the crisis's financial impact is now quantifiable, and the business remains robust. However, investigations continue, with no updates expected until late 2016. The crisis will persist throughout the year, with ongoing negotiations with US authorities. Additionally, Volkswagen plans to cut bonus payments but not jobs, as their market position in Europe faces pressure.

What was the new amount Volkswagen set aside for the crisis?

• €66.7 billion

• €6.7 billion

• €16.2 billion

• €97 billion

When is Volkswagen expected to provide an update on the unresolved questions of the crisis?

• Next week

• Fourth quarter of 2016

• End of 2015

• First quarter of 2017

What is one of the major issues discussed in the news conference regarding Volkswagen?

• Job cuts

• New product launch

• Increase in sales

• Expansion in Asia

What did Volkswagen decide regarding bonus payments?

• Cut them substantially

• Keep them the same

• Increase them

• Delay them

What is the current market position of Volkswagen in Europe as discussed in the news conference?

• Unchanged

• Stable and growing

• Under pressure

• Leading the market