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Internal investigation on VW emissions cheating 'needs time'

Volkswagen chairman Hans Dieter Poetsch said he does not expect an internal investigation into the German car giant's cheating of US diesel emissions standards to be wrapped up this year.

Mr Poetsch, who was quoted in the Frankfurter Allegemine Zeitung newspaper, said that law firm Jones Day has made good progress in its investigation, commissioned by Volkswagen, but that it will "probably take longer than the end of 2017".

He said it is clear that "Volkswagen made serious mistakes", and insisted the company is co-operating with authorities with the "highest transparency".

Mr Poetsch said the company is also trying to inform the public as much as possible "within the legal boundaries", but that while investigations are ongoing "it would be unacceptably risky for the company to present its own report".

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