According to various estimates, Volkswagen could end up paying billions in fines and judgments after admitting to willfully deceiving emissions regulators around the world. But a specific number is hard to pin down, even for the automaker itself, which has to delay publishing its 2015 financial results.
Volkswagen "will set a new date for the publication of the annual accounts for fiscal year 2015 due to remaining open questions and the resulting valuation calculations relating to the diesel emissions issue," the company said in a statement.
Volkswagen isn't just delaying publication, it's also pushing back meetings. The dates are being changed for both its annual press conference and its shareholders meeting, both of which were still over a month away before the rescheduling. It's uncertain when new dates will be announced.
Numbers junkies will be happy to learn that, before all this Dieselgate hullabaloo is factored in, "Volkswagen anticipates the operating result for the group at the level of the prior year within the expected range for fiscal year 2015."
So the automaker's got that goin' for it, which is nice.