Matthias Mueller, CEO of Volkswagen Group, announced in a press conference that the fixes for the company's diesel engines are “manageable”. Volkswagen will be refitting and repairing around 8.5 million vehicles fitted with the TDI engines. These include cars from Audi, Porsche, Seat and Skoda.

"The efforts (needed) to carry out the refits are technically, mechanically and financially manageable. This is a good development." said Mueller. The CEO added that the process of fixing the affected cars may take several months but the company will be posting an updates regarding the issue by the end of the month.

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The engines affected by the defeat device are the 1.6 liter, 2.0 liter and 3.0 liter TDI engines. In the US market, Volkswagen and Audi voluntarily pulled out their TDI variants while the EPA has issued a stop-sale order on TDI models sitting on dealership lots. The company has set aside 6.7 billion Euros for the recall and another 2 billion Euros for consumer compensation.

Keeping a close eye on the investigation is KBA, Germany's watchdog for the motoring industry. The company has presented solutions for the diesel engines in the US. Mueller reassured the public that Volkswagen Group is doing all it can to resolve the issue. "Investigations are running at full speed. To avoid raising false expectations, we are talking about very complex processes which in part date back a long time." said Mueller