It’s been a summer of bad news for Volkswagen.
First the automaker agreed to a whopping $15.3-billion settlement in the United States. Then it stopped the sale of most diesel vehicles in South Korea, its second-largest market in Asia. Now Volkswagen faces lawsuits from Arkansas to Bavaria over losses from the drop in its stock value.
The automaker appears to be lurching from one crisis to another with no end in sight. But if you ask Herbert Diess, the chief executive of Volkswagen’s core brand, the automaker has nearly turned the corner in the emissions scandal once and for all.
“I am confident we can resolve most of the issues in 2016 and the rest in the first half of 2017,” Mr. Diess told Handelsblatt’s sister publication WirtschaftsWoche. “Then there will be upward trend for the core brand.”