VW scandal: staff told all carmaker's investments are under review

Board member says Volkswagen faces multibillion-euro bill in emissions-rigging scandal and anything not economical will be questioned

The new chief executive of Volkswagen has warned the carmaker's staff that the fallout from the diesel emissions scandal "won't be painless" and that the company needs to make "massive savings" as it faces the prospect of a multibillion-euro bill.

Matthias Mi1/4ller told a gathering of 20,000 workers at VW's headquarters in Wolfsburg that "every euro that stays in the company helps us".