Volkswagen has cheated millions of car owners across the world for past few years. It designed a software to cheat pollution emissions tests. Some 11 million cars have been delivered installed with such software. Its a scandal by a car giant.

The German car company meanwhile has said to be setting aside $7.3 billion to cover repairing cost to regain the lost trust territory.

The US regulators earlier said about 482,000 American car owners have been affected with the scandal.

Volkswagen CEO Martin Winterkorn addressed to the car owners and said he is sorry there’s a disappointment among the customers this time and the company will be doing everything to regain the trust again.

Shares of VW dropped on Tuesday by about 20 percent in Frankfurt by midday.

Martin added further the German car giant is working deeply to eliminate the deviations. The issue is with Type EA 189 engines only.