A settlement with the U.S. authorities over emissions test cheating will push up the cost for Volkswagen, but the bill is likely to remain below 20 billion euros ($21 billion), a source familiar with the matter said on Wednesday.
Europe’s biggest carmaker has said it is in advanced talks with the Justice Department over a $4.3 billion settlement, adding that meant it would exceed current provisions set aside to cover the costs of the scandal.
Volkswagen (VW) has already announced 18.2 billion euros ($19.1 billion) of provisions to cover the costs of “Dieselgate,” of which 16.2 billion euros were booked in 2015.
“We are counting on a sum of 16 billion plus X. The X is likely to be in the 2 to 4 billion range,” the source said, speaking on condition of anonymity.