- Volkswagen (OTCPK:VLKAF, VLKAY) and EPA officials remain at an impasse following today's talks between VW CEO Matthias Müller and EPA chief Gina McCarthy, casting doubt over a quick resolution of the automaker's emissions cheating scandal after months of negotiations.
- The two sides gave no indication of any progress during an hourlong meeting at EPA offices in Washington, D.C., although analysts say technical negotiations are continuing and there could still be a deal, as the uncertainty makes it hard for VW to begin rebuilding trust with consumers and other stakeholders in the U.S.
- The talks came a day after California regulators rejected VW's plan to fix nearly 500K diesel-powered cars that were rigged to cheat on emissions tests, calling it vague and inadequate; the EPA said it agreed with California's assessment.