VW US CEO apologizes at congressional hearing — Transcript

Full transcript

1. 0:00swaggins emissions scandal arrived
2. 0:01before us congressional committee
3. 0:03lawmakers grilled the automaker's top US
4. 0:06executive CCTVs jim spellman joins us
5. 0:09now from the newsroom it's been
6. 0:10following the story for us here in
7. 0:12Washington Jim my claw mater lawmakers
8. 0:14wanted to know how this happened and
9. 0:16what the company will do to make it
10. 0:18right the truth the whole truth and
11. 0:22nothing but the truth in the hot seat
12. 0:24volkswagen of america CEO michael horn
13. 0:26answering questions before a
14. 0:28congressional committee did VW install
15. 0:31the software for the express purpose of
16. 0:34defeating emissions controls to our
17. 0:37understanding and this is also part of
18. 0:39the investigation it was installed to
19. 0:42this purpose yes horn apologize for the
20. 0:44emissions cheating scandal which affects
21. 0:46482 thousand cars in the US alone he
22. 0:50blamed the situation on quote rogue
23. 0:52software engineers in germany we are
24. 0:54determined to make things right this
25. 0:56includes accepting the consequences of
26. 0:58our acts providing a remedy and
27. 1:00beginning to restore the trust of our
28. 1:02customers dealerships employees the
29. 1:04regulators and the american public but
30. 1:07horn could not say when a fix would be
31. 1:08in place the company is not considering
32. 1:10buying back the cars from consumers but
33. 1:13owners might be compensated in some
34. 1:14other way that may not be good enough
35. 1:18for VW owners like peter hayes he bought
36. 1:21his 2011 jetta sportwagen TDI for its
37. 1:24high mileage and didn't mind seeking out
38. 1:26gas stations with diesel news of the
39. 1:28scandal has made him wonder if it was a
40. 1:30good choice I felt like I've been taken
41. 1:33you know I've been taking for a ride
42. 1:35because we went through a lot of trouble
43. 1:39to buy the stupid thing and we also went
44. 1:43go to a lot of trouble to find gas for
45. 1:45it he's keeping an open mind about VW
46. 1:48but is eager for a fix and maybe more
47. 1:50I'm not looking for her blood on the
48. 1:52floor or whatever but I would like to
49. 1:57you know be somehow compensated if
50. 2:01Volkswagen can pull that off he says he
51. 2:03would consider buying another in the
52. 2:04future but it may not be possible for VW
53. 2:09to meet emission standards while
54. 2:11providing the same performance and
55. 2:13elledge that the vehicles are getting
56. 2:14now they could have done that they
57. 2:16probably would have had a reason to
58. 2:17cheat in the first place Mike yeah Jim
59. 2:19what's happening with the investigation
60. 2:20into the European division of Volkswagen
61. 2:23police and prosecutors raided VW's
62. 2:25headquarters in germany thursday
63. 2:26volkswagen says they're cooperating they
64. 2:29say they've handed over a quote
65. 2:30comprehensive collection of documents
66. 2:32Mike we've seen it before never a good
67. 2:34sign when the police come to your office
68. 2:35to take documents