Volkswagen CEO says still trying to overcome diesel cheating scandal

Volkswagen`s new Chief Executive Herbert Diess said the carmaker was still trying to overcome its emissions cheating scandal after German authorities ordered the Wolfsburg-based company to pay a 1 billion euro ($1.18 billion)fine.

"By doing this, Volkswagen takes responsibility for the diesel crisis," Diess said in a statement on Wednesday after VW agreed to accept the fine.

"Further steps are necessary to restore trust in the company and the auto industry," he said.($1 = 0.8483 euros)

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)