VW hikes emissions provisions to 16-17 billion euros: source

Fri Apr 22, 2016 4:34am EDT
 
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BERLIN (Reuters) - Volkswagen (VOWG_p.DE: Quote) is hiking its provisions to pay for an emissions cheating scandal to between 16 billion and 17 billion euros ($18.1-19.2 billion) from currently 6.7 billion euros, a person familiar with the matter told Reuters on Friday.

Volkswagen declined to comment on the matter.

(Reporting by Andreas Cremer; Additional reporting by Jan Schwartz; Writing by Maria Sheahan; Editing by Andreas Framke and Christoph Steitz)

 
A flag of a Volkswagen VW car dealer is seen in Bochum, Germany March 16,2016.  REUTERS/Ina Fassbender