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 percentage drop mentioned in the text regarding Volkswagen?

How much did Volkswagen set aside for the crisis according to the text?

What did the CEO say about the financial impacts of the crisis?

What are some of the uncertainties mentioned regarding the cheating scandal?

What major decision regarding bonuses was mentioned in the news conference?