Volkswagen CEO says still trying to overcome diesel cheating scandal

Reuters
Herbert Diess, Volkswagen's new CEO, speaks during the Volkswagen Group's annual general meeting in Berlin, Germany, May 3, 2018. REUTERS/Axel Schmidt

BERLIN (Reuters) - Volkswagen's new Chief Executive Herbert Diess said the carmaker was still trying to overcome its emissions cheating scandal after German authorities ordered the Wolfsburg-based company to pay a 1 billion euro ($1.18 billion)fine.

"By doing this, Volkswagen takes responsibility for the diesel crisis," Diess said in a statement on Wednesday after VW agreed to accept the fine.

"Further steps are necessary to restore trust in the company and the auto industry," he said.

($1 = 0.8483 euros)

(Reporting by Andreas Cremer; Writing by Edward Taylor; Editing by Victoria Bryan)