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Volkswagen CEO: US remains 'core market' for company

Posted March 14

FILE - In this April 28, 2016 file photo Volkswagen cars are presented to media inside a delivery tower n Wolfburg, Germany. The annual news conference of Volkswagen takes place on Tuesday March 14, 2017 in Wolfsburg. (AP Photo/Markus Schreiber, File)

— The CEO of German automaker Volkswagen says the United States remains a "core market" for the company despite its diesel emissions scandal and has underlined that it hopes to expand there.

Matthias Mueller made the comments Tuesday at the company's annual news and investor conference at its headquarters in Wolfsburg, Germany.

Mueller said that "we are standing by our investment decisions and intend over the long term to play a significantly greater role there than today."

The Volkswagen brand has only a small share in the U.S. market although it is important for the company's luxury brands Porsche and Audi. It makes cars in Chattanooga, Tennessee.

U.S. authorities uncovered Volkswagen's use of engine control software that enabled vehicles to cheat on emissions tests.

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