FRANKFURT Jan 11 Volkswagen's
potential $4.3 billion settlement with U.S. authorities will
hike costs for dieselgate, but the latest bill will likely
remain below 20 billion euros, a source familiar with the matter
said on Wednesday.
VW on Tuesday said it was in talks with U.S. authorities
about finalising a $4.3 billion settlement, saying a deal would
exceed current provisions.
"We are counting on a sum of 16 billion plus X. The X is
likely to be in the 2 to 4 billion range," a source familiar
with the matter, who declined to be named, said on Wednesday.
The carmaker declined to comment.
Because VW has already set aside 18.2 billion euros in
provisions for dieselgate, further provisions are unlikely to be
hiked by a massive amount, leaving the bill below 20 billion
euros, the source said.
Of the 18.2 billion euros amount, VW has already booked a
16.2 bln euros charge in 2015.
(Reporting by Andreas Cremer and Ilona Wissenbach; Writing by
Edward Taylor; Editing by Sabine Wollrab and Arno Schuetze)