Germany based Volkswagen posted on Friday a record loss for 2015 and has set aside over $18 billion for the legal claims, fines and recalls in the U.S. as well as other countries related to its software installed in engines to cheat diesel emissions tests.
Volkswagen announced that it had lost over 5.5 billion euros equal to $6.2 billion in 2015, compared to a profit of more than 2.5 billion euros during 2014.
The automaker increased the money it is setting aside to cover the scandal from 6.7 billion euros to 16.2 billion euros.
On Friday, there were indications as well that there were questions about other carmakers and their diesel engines.
Daimler, the Mercedes Benz maker, disclosed on Friday that it was being investigated by the Department of Justice in the U.S. in connection with testing for emissions.
On Thursday, authorities in France investigating the possible anomalies in auto emissions, gathered documents at the office of Peugeot Citroen parent company PSA Group. The French automaker said it had been cooperating with the ongoing investigation.
Volkswagen, after a Friday meeting in Wolfsburg, Germany of the supervisory board where the company is headquartered, said as well that it was delaying the publication of its internal investigation of how the cheating started.
Rather than releasing its information in April as it had promised, VW will wait until at least a settlement is reached with the Justice Department.
Volkswagen admitted that employees had programmed over 11 million cars so pollution controls operated at full capacity during the time the vehicles had been tested.
However, seven months after the emissions scandal started, the company had not made in clarifying statement as to who is responsible for what took place and if any top managers had been involved.
Volkswagen’s disclosure Friday of its finances, in a preliminary report on earnings, came one day after the automaker agreed to the outlines of the plan to settle many claims in the U.S. which would include giving owners of close to 500,000 vehicles the option to sell the car back to the business or having the vehicle repaired.