Volkswagen brand chief Herbert Diess has revealed that it could take the German manufacturer a few months to reach an agreement with US regulators about an emissions fix.
Speaking to German regional newspaper Wolfsburger Allgemeine Zeitung, Diess stated "I believe we have good chances to achieve an agreement with the authorities in the United States in the next months."
His statement means that Volkswagen will not be able to meet the March 24 deadline set by a Federal judge bring out a fix for over 600,000 diesel cars that was acceptable to US emissions regulators like the Justice Department, the Environmental Protection Agency and California Resources Board and the US Justice Department.
Volkswagen has previously considered buying back cars as part of a settlement, a move that could cost it billions.
The Volkswagen emissions scandal broke in September 2015 when the German manufacturer admitted that it had been using cheating software to fake emissions in their cars.