In the wake of the $14.7bn US dieselgate settlement, Volkswagen boss Matthias M?ller has rebutted calls for a similar arrangement in the EU.
The former chief exec of Porsche told German Sunday newspaper Welt am Sonntag that there is a “different situation here”.
He elaborated: "In the US the [emission] limits are stricter, which makes the fix more complicated. And taking part in the buyback is voluntary [for customers], which is not the case in Germany, for example."
M?ller, who joined crisis-hit Volkswagen in September, spoke in response to calls from El?bieta Bie?kowska, Europe's industry commissioner, for European VW diesel drivers to also be recompensed.
Bie?kowska claimed that it would be unfair for consumers in Europe to miss out on remuneration granted to people in the US due to the different legal systems.
However, M?ller added that despite VW being in “a sound financial position currently”, a compensation scheme in Europe would overwhelm the company economically.
It was last month that Volkswagen revealed its plan to compensate almost half a million US motorists who own its 2-litre diesel models, which were found to emit up to 40 times the legal amount of Nitrogen Oxide pollutants.
Turning his attention to Volkswagen’s damaged reputation, M?ller concluded: "We need to be patient, this transformation process will not be completed tomorrow. We need to show when modifying cars in the workshops that we have understood [the problem] now. We must succeed at convincing our customers again."
After completing his university studies in English and Creative Writing in Cardiff, Jack is now a full time motoring writer at Blackball Media. His love of cars stems from his childhood years when he began to live and breathe all-things automotive.