Volkswagen Said to Hire McKinsey to Address Diesel Cheat Crisis
- U.S. consultancy tapped for plan to better respond to scandal
- VW CEO Mueller is drafting road map for carmaker through 2025
VW Sets Aside $18 Billion to Pay for Diesel Scandal
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Volkswagen AG has hired McKinsey & Co. to better react to the turmoil caused by its emissions cheating and help draft a strategy to move beyond the scandal, according to people familiar with the matter.
The German carmaker tapped external advisers after recognizing that it struggled to switch into crisis mode following years of rapid growth, said the people, who asked not to be identified because the decision was confidential. Volkswagen Chief Executive Officer Matthias Mueller is drafting strategic goals through 2025 that are due to be presented this summer.