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

Reuters News
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Posted: Apr 22, 2016 2:48 AM

BERLIN (Reuters) - Volkswagen <VOWG_p.DE> 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)