VW chief warns workers of future, to review investments

(AP Photo)

WOLFSBURG, Germany (AP) – Volkswagen’s new CEO has told more than 20,000 gathered workers that the company must increase cost control and review all its planned investments as it works to overcome a scandal over vehicles that cheated on emissions tests.

Matthias Mueller vowed Tuesday that “we will overcome this crisis” but said it “would not happen without pain.”

He told the meeting at the company’s sprawling home plant in Wolfsburg, Germany, that the company would have to put its future investments in plants, technology and vehicles “under scrutiny” to spend only what was needed to maintian a leading edge.

He told concerned workers that “we will do everything to ensure that Volkswagen will stand for good and secure jobs in the future as well.”

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