New Volkswagen CEO says emissions scandal can be overcome — but at a price

WOLFSBURG, Germany — ap

Volkswagen’s new CEO has told more than 20,000 gathered workers that the company will have to review planned investments and that overcoming its emissions-rigging scandal “would not happen without pain.”

Matthias Mueller vowed Tuesday that “we will overcome this crisis” but said that the company would have to be more careful about costs.

He told the meeting at the company’s sprawling home plant in Wolfsburg, Germany, that the company would have to put its future investments in plants, technology and vehicles “under scrutiny” to spend only what was needed to maintain a leading edge.

He told concerned workers that “we will do everything to ensure that Volkswagen will stand for good and secure jobs in the future as well.”